It's August 2021 in Australia and we’re in the middle of learning to live in a global COVID-19 pandemic.
How are you doing today?
Australia is now in the middle of the COVID-19 pandemic and learning to live and work with lockdowns and public health orders.
With rolling lockdowns and much general uncertainty ahead, as we race towards the nation's next mass vaccination target, it's only natural people are looking for certainty and asking important questions about 'whether COVID-19 affects their life insurance policies in any way?'
Many of our clients have got in touch with questions about cover and how pending vaccinations might affect their rights to cover or a claim in the future.
Well we have some good news to share.
Here are some of the most frequently asked questions we’ve received about life insurances and COVID-19 and COVID-19 Vaccinations.
The Vulcan salutation, ‘Live Long and Prosper’ was first made famous by Star Trek's Commander Spock (played by Leonard Nimoy).
The phrase owes its now world wide familiarity to the fact that it does indeed reflect the hopes and dreams of all people - to live long and prosper.
Now regardless of whether you subscribe to the Star Trek universe or the Star Wars franchise view of the world (or neither - *gasp*) the good news is for the most part Australians are becoming healthier and actually living longer – 12 years longer than the global average, to be precise.
Making good decisions and understanding why we often avoid making them is an essential part of everyone's financial life.
But how do you recognise when an old attitude towards money is no longer working for you and might need to change?
It's actually way harder than you'd think - and there's a good reason why.
So it makes sense to understand the basics of how a mortgage contract works, how a bank and a non-bank mortgage provider makes money from a mortgage contract and what happens if your mortgage provider goes bankrupt.
The life insurance Underwriter has to get it right the first time, because they don't get a second chance to fix a problem they may have originally overlooked.
With the end of the financial years' June 30th fast approaching, it might be time to start thinking about your super for another year. Here are five smart strategies that could benefit you now, and help boost your super balance for later.
But simply talking about savings money, can feel like a drag.
It's so important to remember that what and how we teach our children about money when they are young, will impact on their financial future. It's our responsibility to raise money smart kids.
It's no secret the COVID19 pandemic has hurt many Australians and has either derailed many of us from our financial goals or has forced us to re-prioritise our current situation.
With historically unusually low interest rates, many Australians are now prioritising their debt and looking for strategies to consolidate and pay down credit card debt much faster than they previously had planned.
This is a great step, but how do we make sure it's just not just another stand-alone opportunity to take and miss the chance to pause and refocus our thinking about what we all actually want to be doing?