There are a number of personal insurance options that are available to financially protect you and your family should the unthinkable occur. Several of these come under the umbrella of life insurance, which provides financial compensation in the event of death or the diagnosis of a terminal medical condition. Term Life Insurance Life insurance is…
Purchasing your insurance through a self-managed super fund (SMSF) may have a number of advantages over having it in your personal name. These include tax deductions on life insurance and total and permanent disability (TPD) insurance as well as improved cash flow due to the fact that your insurance premiums are being paid by your…
It’s common for seniors to be uncertain as to whether they need life insurance. Many seniors have achieved some major financial goals – they’ve paid off the house and sent their children through school. They only require day-to-day living expenses. But they may not realise the financial hardship they could put their spouse or other…
It has traditionally been difficult to get affordable income protection insurance if you engage in activities that are considered high risk, for example trail bike riding – but AIA Australia has provided trail bike riders with income insurance at standard rates since 2004. Several insurance providers offer income protection for trail bike riders, but it’s…
Zurich Financial Services Australia has long been regarded as an income protection insurance provider of the highest order, as evidenced by its string of national awards. In 2011, Zurich received the Review Smartinvestor Blue Ribbon Award and the Canstar Cannex Outstanding Value award for its Term Life and Total and Permanent Disability (TPD) product. Zurich…
All income protection insurance policies have waiting periods. The waiting period is the time between being declared unable to work and receiving your first insurance payment. When you sign up for an income protection plan you decide how long you wish the waiting period to be (it usually ranges from two weeks to two years).…
