Finance Articles
  • What Criteria Determine The Premiums For Australian Life Insurance
  • by Kerrie Peacock
  • The insurance industry experienced a robust growth in recent years. The Australian Prudential Regulation Authority has just released a report stating an increase of approximately 12% of industry premiums up from $42.1 billion in 2012 to $47.2 billion in 2013. Many insurers have also experienced an even larger number of total claims. According to AMP, insurance claims have more than grown three-fold from $14 million in 2012 to $49 million in 2013.
  • Interesting Facts That Will Help You Decide To Purchase Life Insurance
  • by Kerrie Peacock
  • The average employee who works full time makes about $3,000,000 during their working years, which adds up to around 40 years. This income is used to help a person maintain a certain lifestyle for their family. When the person passes away, the convenience of regular income no longer exists. However, a life insurance policy will provide supplemental income for the family so they can they can continue to pay for necessities.
  • The Best Way To Get Affordable Life Insurance
  • by Kerrie Peacock
  • According to a survey that was completed in 2013, almost 70 percent of Australians who are between the ages of 50 and 65 think that they did not have a type of life insurance coverage. The reality is that only around 50 percent of Australians in this age group do not have a type of life insurance coverage. This assumption is often made because many baby boomers do not realize that they have life insurance added into their super fund.
  • Wrong Assumptions That Australians Often Have About Life Insurance
  • by Kerrie Peacock
  • Because many more Australians look for car insurance than life insurance, the differences between life and health coverage can be better understood if we see this as an analogy with car insurance. According to Lifewise, 83% of Australians purchased car insurance, despite being inadequately insured for life coverage. If your car insurance only covers you when e your car is written-off, that is just like life insurance.
  • How To Obtain Adequate Life Insurance
  • by Kerrie Peacock
  • When deciding on separate insurance coverage or joint policies, the individual must determine the costs on a long term basis, rather than the gains obtained on shorter term. Couples have the choice in choosing separate types of life policies or to invest in less costly types of joint policies. In reality, a joint policy can end up costing more over a longer term due to the case of the one partner becoming ill or dying.
  • The Benefits Of Purchasing Life Insurance
  • by Kerrie Peacock
  • Remember, when you die, your family is going to be left without. If you do not have insurance, they may need to ask for social security benefits. That falls on the government and the taxpayers. Good life insurance will help your family avoid that. The younger you are when you purchase life insurance, the lower your premium rates will be. That is another reason why it is a good idea to get insurance as soon as possible.
  • The Top Reasons To Buy Life Insurance
  • by Kerrie Peacock
  • Almost 80 percent of Australians between the ages of 45 and 64 do not have enough insurance, according to the Financial Services Council. This under-insurance can cost the government quite a lot of money. The annual cost of not carrying enough insurance, according to the Financial Services Council report, can add up to more than $300 billion. The government must raise the money for this sum by putting the burden on other taxpayers.
  • Why Get Life Insurance For Your Child?
  • by Kerrie Peacock
  • Every parent wants to see their children outlive them. The sad truth is that some children do pass away at a young age, before they even reach adulthood. A report by the Australian Institute of Health and Welfare (AIHW) said that there were 507 deaths of children between the ages of 1 and 14 years old in 2010. In fact, children from 1 to 4 years old had two times the death rate as compared to the older children.
  • Why Life Insurance Is A Must Not An option
  • by Kerrie Peacock
  • As you can see from above, getting life insurance isn't about you at all. It's about protecting your family by making sure their financial needs are met when you move on to the next life. If you don't have life insurance or your protection amount is not enough to cover for your family's needs within the next five years at least, do the most responsible and loving you can do and get life insurance quotes right now.
  • Why You Should Buy Life Insurance
  • by Kerrie Peacock
  • Those who have little responsibility in life and live basically risk free may think that they don't require such insurance. This is obvious by the 2013 report that shows that Australians who don't have children pay for their mortgage and also may be risk takers. They tend to have high finances and don't seem to be concerned about personal insurance such as disability, life insurance or income protection.
  • Life Insurance: Compare The Features Offered By Top Australian Insurers
  • by Kerrie Peacock
  • Only one of the top 3 insurers, rated by Canstar, had the feature of guaranteed future insurability. This feature ensures that a policy holder would always secure cover at affordable rates, even with advancement in age and development of health conditions. If an insurance company doesn't provide such a feature, you would have to find out what exclusions apply in the policy or whether you will get cover if you have certain health conditions.
  • Life Insurance Comparison For Expats
  • by Kerrie Peacock
  • When comparing different products from various insurers, you should consider whether the level of cover and premium rates would vary depending on the particular country that you move to. This also means that you should always inform the insurance company whenever you move from one country to the other. You may be required to update or even change your policy whenever you change locations.
  • About The Financial Planning Association
  • by Josek Smith
  • Being such highly in demand professionals only proves how important it is for financial planners to be always on the right track in their professional milestones.
  • How Can CFP Exam Help You?
  • by Josek Smith
  • Once you passed the CFP certification exam the Certified Financial Planner Board of Standards, Inc. (CFP Board) will award you the Certified Financial Planner Certification.
  • The Financial Planner Certification
  • by Josek Smith
  • One of the most sought after career in the financial services industry is that of the Financial Planning sector. Many people sought after financial advice from this sector because they know that financial planning professionals can definitely help them. The financial services industry is a highly competitive sector.
  • Term Life Insurance With No Medical Exam: Affordable Life Insurance
  • by Kerrie Peacock
  • As per a 2012 Health Survey, Western Australia had the highest percentage of heavy drinkers putting themselves at risk of all of the Australian states in 2011 to 2012. These potential clients are likely to be high risk when it comes to long term health issues. This can increase rates dramatically and cause the client to be denied any insurance coverage.
  • Features That Define Life Insurance Premium Rates In Australia
  • by Kerrie Peacock
  • If you are to buy insurance cover and don't want to suffer lapses, it would then be advisable if you purchased a policy with affordable premium rates. Purchasing what you can afford and maintain reduces any lapse probability hence leaving you with an insurance cover for longer. The Australian Prudential Regulation Authority has however proposed to actuaries regarding placing a capped price on certain premiums to safeguard policy holders.
  • Convincing Facts On Why You Need Life Insurance
  • by Kerrie Peacock
  • Taking the life cover ensures a secured financial status for your kids after your demise. If you have a large family, you should take time to think about the future needs of your children and ensure that it is financially secure. The life insurance cover benefits may not be sufficient to cover all the needs for the family, but it will be an effective way to drastically lower the financial burden placed on your spouse after your demise.
  • The Importance Of Buying Life Insurance
  • by Kerrie Peacock
  • There are valid reasons for singles with no responsibilities to buy life insurance anyway. One reason being there are always expenses to be taken care of in the event of a death, such as funeral expenses and outstanding accounts and taxes. Unless an individual has substantial savings set aside to cover such expenses, it could place a financial burden on family members which could be taken care of with the proceeds from a life insurance policy.
  • Reasons To Buy Life Cover For Your Kids
  • by Kerrie Peacock
  • It is obvious that young children have numerous years ahead of them compared to senior Australians hence the cheaper premium rates. The pocket friendly rates are further reduced if your family for instance has a remarkable health history with no terminal or hereditary illnesses involved. The best part is that these low rates are maintained even through the transition from a child cover to a life insurance cover when he/she turns to an adult.
  • Reasons To Buy Life Insurance
  • by Kerrie Peacock
  • Unmarried persons and those without any responsibility consider themselves to be immune from risks and never think about life insurance. These people consider themselves to be living a risk-free life and do not need any insurance cover. Persons with responsibilities or high end assets however insure their properties against risking factors. They also take insurance on their income potential, disability and even consider life cover.
  • How To Find Inexpensive Life Insurance
  • by Kerrie Peacock
  • If you already have a policy, and you have since made the commitment to get healthy, let your insurance company know. They may apply a discount to your life insurance. Some providers even have programs in place to reward healthy living. In one such example, policy holders earn points for every healthy behavior they engage. Those points then translate to discounts down the road, as well as other rewards.
  • Why Many Australians Are Delusional About Life Insurance
  • by Kerrie Peacock
  • The good thing is life insurance providers are objective to this issue and have packages that can offer financial security for such redundancies. It may be a hassle to pay the premiums for the life cover when retired but the insurers have polices that can shield the insured from premium payment defaults. They do this by offering waiver on the payments that is set within a set duration due to the prevailing unemployment status of the insured.
  • The Best Type Of Life Insurance Coverage For Senior Citizens
  • by Kerrie Peacock
  • Not many Australians receive any money from their parents when they pass away. This fact has been reported and detailed in a survey conducted by HILDA (Household, Income, Labor and Dynamics Australia). In 2010, less than 2 percent of Australia's population over the age of 15 years old received $87,000 in inheritance from their parents.
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