Business expenses insurance
Of the 1.9 million Australians who own and operate one or more businesses, only 18,300 are covered by business expense insurance. What happens to your business when you are sick or hurt and cant work? For self-employed clients or those in a small partnership, income protection insurance only provides half the necessary protection in the […]
Government to slash the co-contribution scheme
From July 1 this year, the government will slash the popular super co-contribution from $1 to 50¢, reducing the maximum benefit from $1000 to $500. The measure also means those earning more than $46,920 will no longer get a partial benefit compared with an upper income threshold of $61,920 this year. If you or your […]
Medical Conditions: Agina – insured?
We are going to cover a variety of conditions over the coming months to make aware of common ailments that effect many of us. This will help you better understand the types of cover we offer and how insurers treat them. This will hopefully help you make an informed decision over the long term. Today: […]
We’ve all seen the job cuts over the past 12-24 months, and unfortunately, it seems there are more to come with an ever increasing burden on financial markets and the fallout of the european economies. We get asked a lot about insurance for insurance for redundancy or involuntary unemployment insurance, which used to be a […]
The government pays your super for Free!
No, that was not a typo. You may or may not have heard of the government’s “Co-contribution scheme“, which gives much needed resource to any Australian earning under $61,920 per year. Basically, if you earn under $31,920, and contribute up to $1,000 into super for this financial year, the government will match your contribution dollar […]
Dont leave it to the courts
Something that many Australians dont think much about is estate planning. A current will is incredibly important, particularly if you have assets, debts and/or children. A major part of our advice regarding life insurance is that of an up to date will. Depending on your personal circumstance will depend on the complexity of the will, […]
Mental Health and Life insurance
How does a mental health condition affect your insurance? We understand that mental illness is just as common as physical illness, even among the healthiest of people. While a history of therapy for mental illness is not something to be ashamed of, in some rare cases it may affect your life insurance policies. Whilst each […]
Life Insurance for Pre Existing medical conditions
Pre-existing Medical Conditions Pre-existing conditions and how they work in the insurance world is very important. The definition of a medical condition you had before taking out life insurance can differ between insurers. As with many things, the devil is in the detail and a ’pre-existing condition’ may affect your life insurance cover. In short, if […]
Why to ‘Agree’ with Income Protection?
I recently received a call from one of my clients who runs a medium sized electrical contracting business. He told me that his company has made a considerable loss in the last financial year, and this has caused his personal tax to basically be $0 for that period. His concern was if he were to […]
Tax for everything Dad…
Do you have adult children? Do you have your Life Insurance within superannuation? If you answer yes to both of these questions, and your kids will be beneficiaries of your fund, they may be making friends with the Tax department upon receipt. When your superannuation is paid to your ‘non-dependent’ children, (meaning they are grown […]