What is Income Protection Insurance
Income protection/continuance insurance is mandatory for all working persons, and especially important for younger people who have a long working life ahead of them. But you have to make sure its commission free. Insurance commissions are huge: more than 20% of all premiums are paid back to the adviser as a commission, unless you do […]
An important catch of having income protection insurance in your superfund
You may have come across this heart-breaking (and very frustrating) story a few years ago. The story involves a father whose one year old daughter needs a liver transplant. Being so young, the liver does not need to be very big and, thanks to the wonder of our age, she is able to make use of […]
When is it Time to Engage a Financial Adviser
At some point in our lives, whether it is at the start of your career, when you get married, when you want to buy a house or when you have kids, you have to start thinking whether it is worth investing in financial advice. While everyone can benefit from working with a professional adviser, the […]
The Importance of Insurance Cover Continuity
Continuity of cover refers to situations where the origins of an insured event can be traced back to the period of time during which a previous policy applied. It is critical that any new insurance policy be prepared to accept liability for any such events, rather than exclude such events. The reason for this is […]