Insurance

Planners divided on life insurance reforms

Ruth LIew Financial planners are split over the impact incoming regulatory changes will have on their life insurance businesses, with some arguing the proposals will deal serious blows to the profitability of...

ASSETT CHECK

Policy switch on life insurance is long overdue

Hopefully, the reduction in commissions payable will reduce the pressures put on customers to switch their insurance arrangements.

Daryl Dixon When it comes to insurance, the benefits of shopping around can be substantial.

TRAVEL INSURANCE

Credit card travel insurance under the spotlight

John Collett

John Collett Those heading overseas during the upcoming school holidays could be buying travel insurance they do not need.

CARE COVER

Still time to beat private health insurance premium rises

Excluding cover for things you are unlikely to need to claim for can help reduce the cost of private health insurance.

John Collett As private health insurance premiums rise, many policyholders are looking to reduce their cover to cut costs.

CLEVER COVERAGE

Online insurance doesn't come cheap

ASSET MAGAZINE COVER photo TAMARA VONINSKI  generic rain umbrella business man forecast SPECIALX 79335

Back of man in suit with a red umbrella

John Collett When it comes to life insurance, buying directly from the insurer is usually the most expensive route.

INSIGHT

Shop around for a good insurance deal

Clancy Yeates This year's devastating start to the bushfire season has underlined the value of insuring the biggest asset many people own: their home.

Credit insurance risks uncovered

The skyline

Lesley Parker Consumer credit insurance - marketed alongside credit cards and personal loans as a way to protect your ability to meet repayments - remains on the Australian Securities and Investments Commission's...

Insight

Duopoly drives rising insurance costs

A depth gauge in the Warrego River near Enngonia. Water users in NSW are concerned about water allocations in Queensland. Photo by Andrew Meares smh news 8 February 2007 SPECIALX 222

Clancy Yeates 'Bill shock'' normally refers to the unpleasant experience of receiving an enormous phone or electricity bill. But it could just as easily apply to insurance.

SUPER

Large funds have life insurance covered

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***afrphotos.com***

Photo by Rob Homer

John Collett Most of us don't have enough life insurance, so it's good that large superannuation funds provide ''default'' death and total and permanent disablement insurance to their members, who otherwise may...

PLANNING

We all have a little life insurance, but most of us need more

retirement

Penny Pryer Insurance companies have been raving about Australia's "chronic" underinsurance problem for decades.

Insurance commissions encourage churning

The chairwoman of Choice, Jenni Mack, says when you buy life insurance, a commission of about 130 per cent of your first year's premium, then 10 per cent to 30 per cent each year after that, is paid...

Pet insurance for a priceless companion

Trudy Collinson's dog, Bonnie

Trudy Collinson thought her dogs would be a good way to get her out of the house and to nearby Melbourne parks for exercise and to meet people while her children were at school.

Travel insurance cap may not fit

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Lesley Parker The more you take on holiday, the more you stand to lose if you're not adequately covered.

INSURANCE

Pets can cost owners a bundle

MON00
John Collett

John Collett We love our pets but they can cost a fortune. Should your dog or cat suffer a serious illness or accident, you could be left out of pocket to the tune of thousands of dollars.

WELL-HEELED

Planning eases the pain of unexpected strife

MON00 Melissa
Melissa Browne.

Melissa Browne Unforeseen things happen, and it's important to prepare yourself for them.

Comfort zone not best place to be

Even if you take the plunge, the pension is always there as a backstop.

David Potts Many pensioners will be worse off by 2017 – unless they ramp up their risk-taking – and remember there is the pension to fall back on.

NEW YEAR, NEW YOU

Take full control of your finances

If you're lying awake worrying about money, it's time to tackle the issue.

John Collett The start of a new financial year is a good time to review your financial affairs, especially if they're keeping you awake at night, writes John Collett.

Seven ways to thrive in the new financial year

MON00 Melissa
Melissa Browne.

Melissa Browne It's time to stop talking about getting busy and start doing something about it.

The last thing to worry about

‘‘I really struggle’’,  says Linda Young who is dying of cancer.

Christine Long Those with terminal illness can now get their super more easily. But there are other issues which need to be faced.

INSURANCE

Funds fear rise of lawyer-led claims

Do you really need legal advice to make an insurance claim on your super fund?

Sally Patten Super funds have grown increasingly concerned that lawyers are becoming involved in claims from an early stage, even before a claim has been knocked back.