A parent’s job is never done
A parent’s job is never done. Losing a parent can hurt.
A parent’s job is never done. Losing a parent can hurt.
Trauma cover is a form of life insurance that provides a lump sum benefit if you experience a specified form of medical trauma. This trauma can be a critical illness or a critical injury – and some insurers allow you to select which of these you wish to be insured for.
Income protection insurance is essential for all people who would suffer financially if they were unable to earn income from working. This includes single people whose own lifestyle would suffer if they were unable to earn income as well as people who have financial dependents, such as parents.
Many people regard life insurance as a grudge purchase. Something they have to buy, not something they want to buy. This is exactly the wrong way to think about things. After all, how many things do you buy and hope you never use?
What is your most important financial asset? Is it your home? Your superannuation fund? Your investment portfolio? Your sports car (probably not!)? Actually, it’s you.
In 2016, ASIC reviewed the performance of the major insurers when it came to paying insurance claims. The report makes for troubling reading, especially for people who organise their own insurances. The news was much better for people who used a financial adviser to help them arrange their insurances.
Many working Australians – or Australians who used to work – have insurance of which they are unaware. This can be a huge relief if ever something goes wrong and you cannot work. If you or someone you know has become unable to work, then this article is a must-read. And if you think you might need help with a claim, please make sure you contact us.
Risk insurances need to be properly structured and insurers often need to be handled assertively.
If there is no such continuity, the insured person may find themselves unable to make a claim.
Partial insurance is better than no insurance at all.