Insurance Topics

Folder Insurance Topics - General

Documents

Order by

INSUR022 The ins and outs of private health cover (635 words)

Tagged in Featured

Download (docx, 24 KB)

INSUR022.docx

Description
Introduction

Description
Introduction

Description

Whether or not to take out private health insurance is a major financial decision. This article discusses the benefits of health insurance, how to find the right policy, and lists key incentives to go private.

Introduction

With premiums often running to thousands of dollars per year, whether or not to take out private health insurance is a major financial decision. Here are some of the key issues you need to consider in making that decision.

Why go private?

There are two main types of private health insurance: hospital cover, and general treatment (or extras) cover. In some states you may also need to take out ambulance cover.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR021 Is this insurance cover necessary? (518 words)

Download (doc, 41 KB)

INSUR021.doc

Description
Introduction

Description
Introduction

Description

This article explains what consumer credit insurance is and how it works. It discusses if it is necessary and lists possible alternatives.

Introduction

Consumer credit insurance, also called loan or mortgage protection insurance, helps you meet repayments on a mortgage, personal loan, credit card or other loan contract if you lose your job, cannot work due to illness or injury, or die. It may also cover theft of your credit card or even replacement of faulty goods you have purchased with a credit card.

It’s often sold when the loan or credit card is set up but it’s your choice, as a borrower, to decide if you want or need this cover. Many people have it without knowing, so it’s worth checking your loan contracts to see if you are covered - and what you are paying for it.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR020 4 ways to manage risk later in life (292 words)

Download (doc, 48 KB)

INSUR020.doc

Description
Introduction

Description
Introduction

Description

This short article highlights the importance of continuing insurance after age 50. It provides four potential solutions to managing premiums and recommends professional guidance.

Introduction

A health crisis can occur at any time of life, but the risks obviously increase as we age. Unfortunately, due to this increased risk of illness or injury the cost of insurance for those over 50 can be high. As a result, people in this age group are tempted to drop their insurance cover altogether just when the need is at its greatest.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR019 A good time to review your insurance (460 words)

Download (doc, 47 KB)

INSUR019.doc

Description
Introduction

Description
Introduction

Description

Natural disasters are a part of life in Australia, but it is the planning for them that makes the difference. This article reminds your readers to prepare ahead and explains the dangers of underinsuring property. A short case study on under-insurance is included. The article encourages a review of all insurance cover, including life insurance.

Introduction

Not a year goes by without some part of Australia being devastated by a natural disaster. Bushfires, floods, storms and tropical cyclones are a part of our lives. And as we’ve witnessed in recent years, destructive weather patterns and events occur regularly throughout the year, often with little or no warning. This means that any time of the year is a good time to review your insurance cover to ensure your financial possessions are protected, as well as the security of you and your loved ones.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR018 DIY insurance - is it right for you? (404 words)

Download (doc, 47 KB)

INSUR018.doc

Description
Introduction

Description
Introduction

Description

This article looks at DIY insurance advertised on television and discusses their difference to risk management strategies designed by financial advisers. It encourages your readers to ask a series of questions to ensure they are getting the right type of cover. The article is angled toward seeking professional advice.

Introduction

Research shows that Australians are underinsured which has led to the proliferation of television advertisements promoting personal insurance cover. Are these quick and easy plans suitable for your family?

Research undertaken by Rice Warner in 2015 revealed that on average Australians had Life and Income Protection insurance meeting only 61% and 16% of their needs respectively. Cover for Total and Permanent Disability was as little as 13% of people’s needs.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR017 Plan for the unexpected now (642 words)

Download (doc, 45 KB)

INSUR017.doc

Description
Introduction

Description
Introduction

Description

A detailed explanation of the importance of personal insurance by using three scenarios to remind readers that they are as vulnerable as the next person. It gives examples of when income protection, trauma and life insurance would have made all the difference. It also includes a short checklist to prompt regular reviews of insurance cover – both personal and general.

Introduction

One of the joys in life is that we don’t know what will happen next. Most of us have positive expectations but sometimes Life doesn’t follow our lead and we’re dealt a blow. It’s how we manage each experience – or how we’ve planned ahead – that will make it either good or bad for us. These three stories could have easily turned out quite differently.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR016 Health insurance...yes or no? (540 words)

Download (doc, 52 KB)

INSUR016.doc

Description
Introduction

Description
Introduction

Description

This detailed article includes a case study to show the financial differences between having private health insurance cover or not. It provides calculations to show what could be saved if someone decided not to pay for health insurance and explains the surcharge and loading applicable.

Introduction

The argument has been waged for many years - do I take out health insurance or do I invest the same amount each year and if I get sick, the money will be available (and it's earning me interest!)?
As with any type of insurance the decision is a personal one. Many people go without car, home or life insurance, thinking that the money is better spent or invested elsewhere… they are willing to take that risk. But how many of us have actually sat down and weighed up the differences between taking out health insurance or not, particularly with the government penalties on those not covered by a private health fund?

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR015 Protecting your entire family (448 words)

Download (doc, 42 KB)

INSUR015.doc

Description
Introduction

Description
Introduction

Description

This article gives an example of how unforeseen events happening to adult children can have a negative impact on retirement savings. It uses an excellent case study to describe how easily this can happen. It recommends that the reader not only has their own insurance in place, but also their family members’.

Introduction

You’ve saved hard to build your retirement nest egg. You should be able to spend the money on a well-earned relaxing lifestyle. But all this could be put at risk if your adult children don’t have their own financial affairs well managed, particularly adequate insurance protection.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.

INSUR014 An often forgotten aspect of insurance (504 words)

Download (doc, 41 KB)

INSUR014.doc

Description
Introduction

Description
Introduction

Description

This article explains the options available to reduce the cost of insurance premiums by highlighting the tax treatment of various forms of life insurance.

Introduction

When most people think about financial planning they tend to focus on the wealth creation side of things, but often forget about the wealth protection. Building a financial plan without adequate insurance is like building a house on flimsy foundations.

Comprehensive insurance cover can be a significant expense; however these costs can be made more affordable by taking advantage of the tax deductions that apply to specific types of insurance, and to some methods of implementing insurance.

To download and use this content, make sure you're logged in then hit the Download button and choose 'Save as' to keep the document.

No login details? Register above for full access.