Recent research undertaken by insurer TAL has highlighted that while Australians rate the importance of life insurance highly this is not matched by their take-up of this insurance. While 79% of those surveyed rated life insurance, including TPD, income protection and trauma insurance, as important or...
Research conducted by Plan for Life has reported that 84 per cent of SMSF members aged 18 to 64 years do not hold any life insurance. This is in spite of government legislation which imposes an obligation on trustees to consider insurance for their members. The...
It used to be that life insurance through super funds was priced cheaply due to their group rates. However this may no longer be the case. Over the last year research by Canstar has confirmed premium increases averaging between 11% and 27% for life insurance through...
ClearView have recognized that when a parent passes away there is usually a need for immediate, sometimes considerable, funds to provide a suitable farewell. Funeral costs can range from $4000 to $14,000 including cremation or burial costs, flowers and memorial service (according to moneysmart.gov.au). Unfortunately...
The annual awards from Canstar have identified the best performers in the Australian life insurance industry. The Canstar five star ratings give a weighting to both premium (value for money) and product (features and benefits) to come up with the winners in the “Outstanding Value”...
On 1 July 2014 regulations were introduced requiring that all new insurance policies issued to SMSFs be consistent with the Superannuation Industry (Supervision) regulations (SIS) conditions of release which are death, terminal illness, total and permanent disablement and temporary incapacity. As a result Own Occupation TPD,...
The latest market statistics released by Plan for Life today show that TAL has become Australia’s largest life insurance company. At the end of December 2013 the TAL Group had $1.877 Billion of Premiums in Force, more than any other life insurance company in Australia. In...
Plan For Life and AFA have announced their 2013 awards for excellence in the provision of products and services to financial advisers. CommInsure were announce the overall winner of the Platinum Life Company of the Year 2013 Award. Winners in each insurance product category were:: Term Life/TPD...