Displaying items by tag: life insurance

Most Australians report preferring to talk to their parents about sex, rather than money

When it comes to the reality of talking with our parents about money and aging, there is never really a right time. But there is probably a better time - and this is what you can do about that.

If you're part of the Sandwich Generation, there's a good chance you’ll become part of the growing number of adult children who will have to get involved with their parents' financial lives as they age.

Yet, the overwhelming majority of adult children – have not had detailed conversations with their parents about their finances, their estate wishes and plans.

Published in Blog

New rules for people under 25 who have super fund balances under $6,000

The new rules called Putting Members' Interests First start April 1st 2020.

Why is this important?

Most people automatically get a small level of Life Insurance and Total & Permanent Disablement (TPD) insurance when they join a super fund.

  • From 1 April 2020, if your under 25 (or with an account balance below $6,000) and have insurance automatically provided to you by your super fund, the insurance rules have changed.
Published in Blog

Life Insurance and Super each have one thing in common...

If you don't legally decide today who you want to get your money tomorrow, someone else will make that decision for you - and you might not like the result.

Simply put, you can nominate in writing who you want to receive any future payout with a Beneficiary Nomination or Binding Death Nomination (depending upon what you choose).

Published in Blog

Diabetes in Australia is our fastest growing chronic condition.

Each day 280 Australians develop this disease.

  • 56% are males
  • 44% are females

The onset of Type 1 Diabetes mellitus (T1DM) occurs most frequently in people under 30 years, however, new research suggests almost half of all people who develop the condition are diagnosed over the age of 30.

Published in Blog

The long-term effect of grief over the loss of a family member.

A recent report about Millennials and Generation X’ers who lost a parent while growing up confirmed what most people already suspected - the impact of the loss lasts a lifetime.  A third of those surveyed said, ‘I've never really gotten over my loss’.

Published in Blog

Life insurance inside your super has special rules you need to understand - especially if you're a blended family.

You need to let your super fund (and life insurance company) know who you want as a beneficiary to receive any payout made upon your death.

This is especially important if your life insurance is owned by your super fund because there are additional rules you need to understand.  If you don't, then you'll leave a whole lot of unnecessary pain and problems for your survivors.

Published in Blog

Understanding diverse families, diabetes and specialty life insurance

Video Transcript

00:00 -04:01

Australia is one of the most beautiful and expensive places to raise a family today. So it's no wonder that most couples agree, 'anxiety about money and increasing levels of debt' causes significant family stress'.

Life insurance is an essential expense for any couple. But for same-sex couples who rely on the income of one or more family members to pay the bills, life insurance is a necessity.

The Australian census records around 20% of lesbian couples and 5% of gay male couples in Australia are raising children, and that number is rising.

Today's modern families are as different as their aspirations. So whether your family is biological or logical, whether you're a parent, co-parent or part of someone's family of choice, we understand that key family relationships are about love.

Published in Videos

Understanding the tough question - How much Life Insurance is enough?

Video Transcript

00:00 - 06:48

Some questions in life are really hard to answer, because the correct answer is different, depending upon who you ask. 

What's right for you in your situation, might not be right for someone else in their situation.

The especially tricky questions in life usually have emotional and financial consequences like the question, 'how much life insurance is enough?'

So how much is enough?

Well, the short answer is, 'it depends upon how much living you have to do'.

Making the world a better place for you and your family starts with looking after yourself and having a plan in place to manage the normal risks of life.  Managing deaths, family obligations and protecting assets.

So you insure your house, probably insure your car, maybe even your iPhone for replacement value.  But when it comes to measuring the value of a human life, you can't, it's priceless.

But what it can achieve is worth protecting.

Published in Videos

Every day in Australia, 31 families lose their primary (or equal) income earner

It's time for a family reality check - by the numbers.

Published in Blog

The very Australian problem of underinsurance

When a 'she'll be right' attitude puts your family at risk

You don’t have to look far to find a story in the media about Australia’s underinsurance problem.  It seems every bushfire season the same media reports another near identical tragedy of families losing everything and being underinsured or worse, not insured at all.

Published in Blog

31 Families every day lose their primary (or equal) income-earning member, in Australia

It's time for a family reality check - by the numbers.

Published in Learn
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