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.
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.
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.
But working for yourself involves more personal decisions, greater risks and depending upon your business structure, greater personal liability.
And if you're making this decision based simply on cost alone, this is the question you need to answer, ‘What could possibly go wrong?’
Job losses for some, reduced work hours for others, still others forced into early retirement - ready or not - many small businesses surviving one month at a time and families trying to make sense of lockdowns and restrictions - it’s safe to say there will be many COVID-19 flow on effects yet unseen.
We’ll all need to work through in some way.
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?
When it comes to managing our personal debts and credit cards, savings and investing, many people are quick to look for a sequence of simple steps to follow (or a three minute blog to read) to achieve what can usually be a complex outcome.
If a fast solution isn’t found, ‘it's obviously the wrong option’ so we quickly browse on elsewhere looking for that dopamine hit of ‘New’ and never really get to where we need to go.
Like most long term plans, building a self sustaining business takes time; time to mature, time to stabilise in the market and time to return the capital invested.
To achieve this, the majority of business owners use debt and overdraft facilities as an ongoing business tool.
And these types of tools can quickly work against you and your family if you're unprepared.
Your superannuation is your forced savings for your retirement, so it’s important to understand these two key features: