Business partnerships are common but there is a concern about the business surviving the tide should one of the partners die or suffer a permanent disability. Typically, a successor is not the immediate solution to a surviving partner but it may be difficult not to have one if the business has to continue. The remaining…
As the sole earner or as a contributing earner in a family, life insurance is important. Family members may suffer financially in the event the earner meets an untimely death. The financial burdens to take care of can be tough. Ensuring that there is financial security in place will help keep the family from economic…
Changes are about to happen to many fund members whose cost benefits have been overlooked by SMSFs. Over 20,000 clients under the self-managed superannuation fund (SMSF) who have been under-insured will be offered automatic life coverage of up to $750,000. According to AIA Australia, this is the aim of insurance groups and financial advisers to…
Have you ever thought about insuring your income? If no, you are not alone since many income earners tend to overlook this important type of Insurance. Your income covers your needs and some luxuries in life. If you are the sole breadwinner in the family, your income is not solely for your needs but also for the entire…
Did it ever occur to you how your family would be able to manage financially in the case of illness, injury or death? Would they be able to live the life that they are used to? How about your children – do you think they could continue with their schooling if you were no longer there or capable to…
Life Insurance – Should You Go for the Lowest Premiums? When you shop for Life Insurance it can be quite tempting to buy the policy with the lowest premium. However, this may not be the best move as lowest premium does not always mean the best deal. Yes, you may enjoy savings now, but later…
