We launched a new special offer on Life Insurance for members this week, and it’s been inundated with interest. It’s just as well, because reports this week said scientific developments could make life insurance premiums higher in future. Research by the Institute of Actuaries of Australia predicted that as predictive genetic testing becomes more popular, claims against insurance policies co... read more>

While I was casually flicking through the Sunday paper last week, I came across an article by Money expert Mark Bouris that caught my eye… The headline read: 'What is the biggest asset that you have to protect?'' Like most people I thought instantly of the family home, but Celebrity Apprentice judge Mark correctly pointed out that most people forget to mention their health and ability to ... read more>

A couple of years back I decided to review my insurance situation. I had been retrenched and needed to cut back so every dollar going out had to justify itself. When I added up all my insurance costs it came to $800 a month including cars x 2, health, house and contents, income protection, life, funeral and trauma insurance. When I mentioned this to a friend, she questioned whether I really ... read more>

(Updated July 25, 2016)   Due the federal election the planned changes to the commissions around life insurance (discussed below), and due to begin on July 1 2016, were delayed. But the government says it will push ahead with the reforms and the crackdown on commissions in this parliament. In all the hullabaloo about the election some significant changes to the way life insuran... read more>

The days of getting very cheap group-discounted Life Insurance through your super fund are looking numbered, as funds raise premiums and regulators warn they are repeating the mistakes of the past. Senior insurance regulator  Ian Laughlin, who is deputy chairman of the Australian Prudential Regulation Authority, warned this week that this sector of life insurance has been losing money and was […]

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