Worker Cover (also called worker’s compensation), income protection and accident & sickness disability insurance all pay an ongoing benefit if you are unable to work due to a disability, but the rules and regulations governing the three types of insurance are...
In Australia most people have heard of life insurance, health insurance and income protection, but trauma insurance (also called critical illness insurance) is less well known. However, trauma insurance is an important component of a comprehensive personal insurance...
Did you know that if you suffered a serious injury or illness such that you could never return to work, that the financial impact to you and your family can be worse than if you died? If you think about it, in both scenarios you would not be able to earn an income and...
If somebody asked you “what is your most valuable financial asset?”, what would you say? Your house? Your car? Your personal jet? For most people – your most valuable financial asset is your ability to earn an income OR the present value of your future earnings. For...
What would you do if your child becomes very ill (e.g. leukemia, cancer, meningitis) or has a serious accident (e.g. head trauma, severe burns, loss of a limb)? You might need to become a full-time carer and spend long periods in hospital away from home, and then...
Life insurance, which also includes TPD insurance, income protection, trauma insurance and child cover can be quite complicated. A life insurance adviser can help you navigate the differences between policies with respect to definitions and exclusions, and the tax...
