MLC has recently announced a number of upgrades and enhancements to their life and income protection insurance products. With five attractive new features including a 12 month life insurance buy back option, these improvements are seen as the fulfilment of a commitment by MLC in October 2011 to regularly upgrade their offers. The new enhancements…
Income protection insurance is essential for medical professionals to help them protect their family in the event that they contract an illness or injury which prevents them from working for a significant period of time. Having critical illness benefits on top of your standard income protection insurance could also mean a substantial increase in your…
Although income protection insurance is highly advisable for working parents and anybody else who has others depending on their income, the cost of premiums can be off putting to some. Many people forgo valuable financial protection because they assume they can’t afford income protection insurance but there are products available that are designed with affordability…
The importance of income protection insurance cannot be understated but it is a type of protection that many Australians overlook when they think about insurance. Income protection insurance is designed to pay up to 75% of your income for a set period of time in the event that you are unable to work due to…
When it comes to income protection insurance, many people assume that the income protection provided by their super fund will be sufficient and they don’t need to take out an additional policy. Although industry super funds such as C Bus Super do offer income protection as part of their super, it is a good idea…
The majority of businesses will have at least one or two staff members without whom the business would suffer, and it is important to protect against their loss just like you would any other asset. Key person insurance is designed to do just that. Key person insurance is a type of insurance that compensates you…
If you have your own business you have probably protected yourself with income protection insurance and various aspects of your business with commercial insurance but have you considered Business Expenses insurance to protect your business in the event that you are rendered unable to work in it? Business Expenses insurance varies from income protection insurance…
Whether you are just starting out or have been working as a tradesperson for years, you can never underestimate the importance of insurance. It is essential for tradies to have some form of insurance to help protect themselves against being left financially vulnerable in the face of an unexpected event such as an accident, illness…
An amendment to the Exposure Draft Superannuation Legislation was released by the government in December 2011. Known as the Exposure Draft Superannuation Legislation Amendment (Trustee Obligations and Prudential Standards) Bill 2012, this amendment added a number of covenants to the existing legislation document and increased the scope of obligations for trustees and licensees of superannuation…
Self-managed super funds (SMSFs) give people more control over their superannuation, and they can also hold personal insurance policies such as life insurance, total and permanent disability (TPD) insurance, and income protection insurance. There may be several advantages of purchasing life insurance through your SMSF, but there are also some drawbacks you may not have…