Hot Topics

Coronavirus and Life Insurance

How does Coronavirus (COVID-19) affect Life Insurance policies? The novel coronavirus, or COVID-19 as it is more correctly known, has to date infected millions of people worldwide and been responsible for hundreds of thousands of deaths. Insurance Watch has received many enquiries from policyholders wondering: whether their...

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Are you paying a “Lazy tax” on your insurance?

What is a “Lazy tax”? Consumers often assume that insurance companies will reward them for their loyalty over time. However the reality is that many insurers are focused on making new sales and their best offers are only made available to new customers. In essence existing customers could...

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Income Protection for “Tradies”

Who is a “Tradie” Tradespeople, or “Tradies” as they are commonly known, are skilled workers usually with some kind of trade qualification. In many cases an apprenticeship is required before being qualified to practice. Some of the most common trades are: Builders Plumbers Electricians Mechanics Carpenters Boilermakers Masons Tilers Plasterers Glaziers Why is Income Protection important for Tradies? Tradies...

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Superannuation Insurance

Why Life Insurance from your Super Fund may not be so super! The Productivity Commission estimated in 2018 that around 12 million Australians have life insurance, such as death, TPD and income protection, through their super fund. Most of this is default or automatic insurance. Auto acceptance...

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Life Insurance Premium Comparison

Is Life Insurance cheaper "direct" or through a broker? Updated 13 March 2019 Are your life insurance premiums more than double what you need to pay? A common misconception is that you will get cheaper life insurance if you buy "direct", rather than through a life insurance broker...

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SMSF Insurance – Insurance for Self Managed Super Funds (SMSFs)

Summary of the Pros and Cons of SMSF Life Insurance Advantages of having insurance in a SMSF: Provides insurance protection for members Can be tax effective vs personal ownership Cashflow benefits of using accumulated funds in super to pay premiums Disadvantages of having insurance in a SMSF: Premiums can be higher...

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Reduce Income Protection Insurance cost

20 top tips to get the best value income protection insurance Income Protection insurance premiums have risen by as much as 30% over 2017 and 2018. You know that income protection insurance is important for your financial security. But how do you keep the cost affordable? It is...

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Increasing Your Insurance Cover

How can I easily increase my insurance cover? If your insurance policy is guaranteed renewable you are covered regardless of future changes to your health, occupation or pastimes. But what if you realise that you don’t have enough cover and you need to increase your insurance...

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Life Insurance over 50s

Why do I need life insurance in my 50s and 60s? In many cases you can take out a life insurance policy up to the age of 75 and renew it until age 100. But why would you have life insurance past your 50s and 60s, particularly...

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Income Protection Tax Deductibility

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