Blog articles on life insurance. Life insurance covers Death cover, Total and Permanent Disability (TPD, Trauma cover (also known as Crisis cover) and income protection.
The concept is good. The implementation poor. The potential negatives are not yet fully known. Already though, there are compelling reasons to opt-out of the government’s My Health Record. And most importantly, make sure you opt kids/grand-kids out.
Life insurance in super It is likely that you know whether you have life insurance through your super fund, and you may even know the amount and the premiums you are paying for the cover. It is highly unlikely though that you have read the latest Product Disclosure Statement and understand the terms and definitions…
Most superannuation funds offer life insurance In fact if you join your employer’s default super fund it is compulsory for a level of life insurance to be provided. Very conveniently for the insurers and super funds, the obligation is for the fund member to ‘opt-out’ if they don’t want the insurance; that is, if you…
Trauma insurance, also known as critical illness cover, provides a lump sum of money if you suffer from a specific illness. It covers you for major events such as cancer, blindness, heart attack and multiple sclerosis. It is different to total and permanent disability cover because you don’t have to be totally and permanently disabled…