She’ll be right mate… Why the Aussie way is causing an underinsurance epidemic

Improving the financial outlook for the family is the key driver for the majority of Australians – Most will commit blood, sweat and tears to this very endeavour. Yet, the majority fail to adequately protect the legacy we try so hard to build. Why? Australians see themselves as ‘bulletproof'. Of course such faith that ‘she’ll be right mate’ belies that fact that illness and injury strikes thousands of Australians everyday. In 2017/18 there were over 777,000 hospitalisations due to [...]

2020-06-22T05:30:11+09:30October 17th, 2019|Insurance, More than just Finance, Retirement Planning|

Why your insurance within super could be at risk from July 1

Anyone holding insurance inside of super must be aware of the upcoming changes to inactive accounts, and to take prompt action if they wish to avoid having insurance they need cancelled. What is changing? From 1 July this year, super funds will be required to cancel insurance cover within accounts if the account is deemed inactive. An inactive account is defined as any super account that: has not received a contribution or rollover for 16 continuous months, and the member has [...]

2019-06-05T01:23:20+09:30May 31st, 2019|Federal Budget, FinSec Post, Insurance, Superannuation|