July 1, 2011 saw a change in the rules surrounding tax deductions for total and permanent disablement (TPD) insurance policies owned by a super fund. The changes ushered in by the Australian Taxation Office mean TPD premiums that come under the definition of “own occupation” are only partially tax deductible. Premiums that relate to the…
MLC Masterkey Business Super has introduced some exciting new features to its insurance product. Integral to its new and improved product is the Best Doctors medical information service. This service was established in 1989 to help people with significant illnesses connect to a worldwide network of leading specialists, so that they can get access…
According to information from financial services company AXA only 6% of Australians have income protection insurance. Clearly the vast majority of the working population are unaware of the importance of having income protection insurance, a fact which has led major insurance companies to focus on increasing consumer awareness of the advantages of taking out an…
Income Protection Insurance and the benefits of protecting your superannuation Income protection insurance is an important way to safeguard your income and living expenses in case of an accident or illness that prevents you from working. With income protection insurance you can be comfortable knowing that your current standard of living could be maintained if…
According to a recent Harris Interactive poll, 91% of life insurance policy holders have spoken to their beneficiaries about their policy. However, 57% of them have not told their beneficiaries where the policy is located, which could pose potential problems when a claim needs to be filed. If you currently own a life insurance policy…
According to a recent survey by Harris Interactive, there are a number of different reasons why people decide to purchase life insurance, including getting married, starting a family and buying a house. Other reasons include a change of employment and starting a business. If you are single and have no dependants life insurance may not…
