Anyone watching TV recently would be well aware of the increasing number of Life insurance companies promoting direct insurance to consumers. Increasing the awareness of the need for personal insurance cover is great as most Australians and their families are underinsured. Many people have been misled by the advertisements and believe that insuring direct without…
An inability to earn income could risk many priorities in life and in as short as three months, even homes, a major investment, may be threatened. A 2012 Life Risk Survey by CommInsure revealed that.. – 39% would resort to mortgage or remortgage – 32% would choose downsize their homes – 28% would…
Income protection is important but where is the policy best held – inside or outside superannuation? The answer depends on several factors such as the needs of each individual. Note that in an income protection… Cover structures inside or outside super are with tax deductibility benefits. Inside or outside super, taxes are applied on…
Research house Dexx&r’s financial year report data for 2012 showed growth in life insurance premiums. The report showed an increase of 37.6% to $2.64 billion for new annual premiums for the year. Other growth reports are as follow: Group life insurance rose up to 96% on last year to $1 billion, the biggest…
After changes made in March and May, MLC Insurance of the National Australia Bank has made more changes in its offerings and has introduced RiskFirst Rapid. The product aims to… – Address needs for further income protection premium savings – Allow quick coverage On top of this, an additional 20% savings on…
Dennis Jones CFP, the Principal of Beacon Wealth and Christopher Cachia CFP, the Principal of CCA Financial Planners (CCA Fp) have been friends and work colleagues since 1996. Dennis and Chris have attended many conferences and technical workshops together over the last twelve years and in February this year completed the Stanford University Leadership…
