New insurance guidelines for My Super

A draft version of the latest guidelines for MySuper legislation was released this week. The guidelines detail recommendations for a number of aspects of insurance and intra-fund advice, including clarification of commissions and payments for advisors, particularly in the field of group insurance. In the area of insurance, according to the new guidelines, MySuper trustees…

Life Insurance Coverage Put at Risk by Superannuation

The number of Australians with life insurance coverage through superannuation has increased while there was a drop for the same number of people with stand-alone coverage, potentially worsening the insurance gap. In 2006, the Financial Services Council said a similar study showed an increase in the number of Australians with superannuation life insurance coverage from…

TAL wins award for life company of the year

Not all insurance companies are created equal as the recent announcement of TAL (formerly Tower) as the 2011 winner of the Plan for Life/AFA Life company of the year award demonstrates. This is the second year running that TAL has taken this prestigious award after a thorough evaluation process which also takes into consideration feedback…

Asteron Life Complete – new product offers

An exciting new product range has just been released by Asteron Life. These new products cover income protection, trauma protection and life insurance products and offer increased flexibility and added benefits for new and existing customers. One of the main changes to Asteron Life’s income protection products is the introduction of a new, three tiered…

Asteron life upgrades income protection insurance offer for 2012

Asteron life has recently announced a number of upgrades to their income protection insurance product. Previously known as “Asteron Lifeguard,” the updated portfolio will be known as “Asteron Life Complete” and includes revisions to their disability definition and the implementation of a three tiered approach to disability claims. Under the new policy there will be…