Life Insurance for Couples
As someone with a spouse or partner, it’s important to ensure that each of you is protected by an appropriate level of cover so you won’t be left to manage your finances on your own if something bad happens. However, it’s worth considering whether to take out a couples’ policy instead of single life insurance. […]
Family Life Insurance
Family life insurance in itself isn’t a product you can buy in Australia, with policies typically tailored to the needs of a single policyholder. However, there are policies that you may be able to purchase which can be more tailored to the needs of a family. For instance, some insurers may offer the ability to […]
Life Insurance Broker
A business insurance broker is a financial advisor who specialises in providing advice about insurance products. They’re experts in their chosen field and often specialise in one particular type of insurance, such as public liability or commercial vehicle insurance. Brokers act on behalf of their clients, offering advice about the type and level of insurance […]
Seniors Life Insurance
You’ll be able to purchase a life insurance policy if you’re over 60 that can offer you coverage based on your stage of life. In most cases, though, insurers will have an upper age limit which applies to seniors buying their first policy. This does tend to vary depending on who you decide to buy […]
Total and Permanent Disability Insurance
Total and permanent disability insurance, as the name suggests, is a type of life insurance which provides a lump sum payment if the life insured suffers an illness or injury which prevents them from ever returning to work again. This could be as a result of losing the use of your legs in a car […]
Trauma Insurance
Trauma cover is a type of life insurance which can offer cover if you fall critically ill or suffer from a significant injury. It can be suitable for more immediate incidents or diagnoses, but also for longer-term conditions such as Alzheimer’s disease or Parkinson’s disease. If your condition is deemed claimable by your insurer, you […]
Can You Take Out More Than One Life Insurance Policy?
Yes – it’s possible to buy more than one life insurance policy in Australia, provided you meet the terms and conditions of each. In fact, many people choose to have multiple policies to ensure they have enough coverage to meet their needs. This approach can be referred to as “stacking” policies. However, there are some […]
How to Find Out if Someone Has Life Insurance Australia
If you’re trying to find out if someone has life insurance in Australia, there are a few ways to go about it. Perhaps you’re an executor of a will, or you suspect that a loved one may have had a life insurance policy but didn’t leave any documentation. Whatever your reason, knowing how to find […]
Life Insurance Surrender Value
A life insurance surrender value refers to the amount of money you could get if you decided to surrender your whole life insurance policy before it matured or before you passed away. Essentially, it was the cash value of your policy. The surrender value is calculated based on several factors, including the amount of money […]
Whole Life Insurance
Whole life insurance was a type of policy which covered you for your entire life (or as long as you continued to pay your premiums). However, such policies are no longer available in Australia. These were common around the country between the 1940s and 1980s until the Federal Government (under former Prime Minister Paul Keating) […]
Income Protection Insurance
If you’re someone who runs their own business or has loved ones who depend on your income, you’ll want to have a backup plan in case something goes wrong. Income protection insurance is a type of life insurance designed to keep your income stream flowing if you’re unable to work due to a long-term injury […]
Extras Only Cover
Extras cover is an important type of private health insurance. It covers many preventative and non-hospital types of treatment which are provided to millions of Australians every year. Having the right extras cover could save you a significant amount of money, which is why it’s important to compare policies carefully to find a deal that offers […]
