Getting on with life today regardless of our decisions yesterday is even more complicated; so it's important to talk about what matters most and know where we stand.
So how does having a history of personal drug use affect your ability to get life insurances and create a safety net for yourself and your family?
Thankfully good mental health is now becoming part of the regular conversations for many Australians.
Here are tips to help navigate the application process.
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.
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.
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).
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.
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.
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.
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.