Life Insurance Blog
Life Insurance Myths
Fri, 03/23/2012 - 15:17 — adminA “she’ll be right” attitude makes Aussies some of the most underinsured people in the developed world. A 2009 study by Sigma World Insurance ranked Australia 20th among industrialised nations for life insurance density and penetration. So what’s stopping us from taking cover? Embracing the spirit of Jamie and Adam from Mythbusters, LifeInsuranceCompare busts some of the biggest myths surrounding life insurance.
Life Insurance and Medical Exams
Mon, 03/19/2012 - 15:49 — adminPutting off a visit to the doctor always sounds appealing. But when it comes to life insurance, taking a medical exam before finalising your policy often leads to a healthier payout for your loved ones.
When applying for life insurance you are usually required to take a simple medical exam. If you don’t wish to go through the inconvenience of medical tests or you want to get life insurance fast you can opt for a life insurance with no medical exam.
Life Insurance for 50+
Mon, 03/05/2012 - 14:59 — adminAs people grow in age the thought of getting an life insurance policy becomes more appealing than it had when they were younger, especially when they hit 50 years of age and can sign up for senior life insurance.
There are two types of personal insurance that can benefit seniors. These are:
Understanding Life Insurance for Tradies
Tue, 02/28/2012 - 15:59 — adminLife insurance for tradies is a type of life insurance that is specially tailored to the needs of tradespeople (such as builders, electricians, and welders); this type of life insurance will offer beneficiaries lump-sum cash payments upon the death of policyholders. How much life insurance is available to beneficiaries will depend on how much a tradie is willing to pay for his or her policy.
Important Information About Life Insurance for Diabetics
Mon, 02/20/2012 - 16:16 — adminDiabetes is known by the scientific name, diabetes mellitus, and it is a serious disease which may be managed through injections of insulin (or pills), proper diet and exercise; however, in some cases, diabetes does bring health complications and a host of worries…
If you’re living with this disease, you may be interested in purchasing life insurance for diabetes that will give your loved ones more financial security in the event of your passing.
What is Life Insurance and how does it work?
Wed, 02/01/2012 - 11:46 — adminAlthough most Australians are familiar with the concept of car or home insurance, many are confused about Life Insurance.
Life insurance comprises 4 key areas. These include Life Insurance, Total & Permanent Disability Insurance, Trauma Insurance and Income Protection Insurance. In a similar fashion to car or home insurance, Life Insurance acts to protect another highly valuable asset – you!
Facts about Term Life Insurance in Australia
Tue, 01/31/2012 - 12:01 — adminWhen you begin looking for life insurance in Australia you need to know the facts. Australia no longer offers whole life insurance with an investment component and the most popular remaining type of life insurance in Australia is term life insurance. This means, should you pass away during the term coverage your family or beneficiaries should receive the face value of the policy.
When Times Are Tough Don't Cancel Insurance
Mon, 01/23/2012 - 12:11 — adminOne of the greatest temptations for the cash strapped consumer is to cancel his or her life insurance policy and medical cover. Fortunately legislation protects people from doing this as they cannot cash in their retirement annuities until age 55, or exit their pension funds while they remain employed at the same company.
Yet in these tough times you need insurance and medical cover more than ever.
Self Managed Super Funds & Life Insurance
Tue, 01/10/2012 - 15:16 — adminThere are a number of factors to consider when taking out a life insurance policy, one of which is whether to purchase the policy through your self managed super fund (SMSF) or having the policy in your personal name.
The major benefit of acquiring life insurance through your SMSF is the tax deductions you will receive on life insurance and total and permanent disability (TPD) insurance. The other benefit is having more money in your pocket, as the costs of the policy are paid by your super contributions.
Life Insurance Policy Exclusions
Fri, 12/23/2011 - 09:22 — adminThere are a number of cases where life insurance companies will not provide payouts to the beneficiaries of the life insurance policy holder. Ultimately, the decision to provide or withhold payment comes down to the manner of death of the policy holder. For this reason, it is important to fully understand the product disclosure statement of your policy prior to signing up.
Common clauses where insurers will not provide payment include the following:
