Blog: Insurance

Blog: Insurance

Insurance tips for Small Business owners

5 October 2017 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Over 80% of the actively trading businesses in Australia have 0-4 employees*. This means that many businesses are heavily reliant on their principal owners or key people to keep the business operating.

Life Insurance in Australia is changing!

16 June 2017 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Life Insurance in Australia is undergoing a silent revolution. A small handful of insurers have finally understood that they should be acknowledging, and rewarding people who are actively engaged in their own health and wellbeing.

A man is not a financial plan!

1 December 2016 - posted in Insurance and Pre-Retirees and Retirees by Michelle Sanchez-McCallum

Did you know that 22% of married women outlive their husbands by more than 7 years?

When the importance of Risk Protection gets personal

21 October 2016 - posted in Insurance and Pre-Retirees by Craig Kirkwood

I wanted to introduce you to a colleague of mine - Susie. Earlier this year, Susie was diagnosed with breast cancer and following surgery, a number of weeks away from the office and follow up tests she has been able to return to work.

By failing to prepare, you are preparing to fail…

12 September 2016 - posted in Insurance and Pre-Retirees and Retirees by Will Chapman

Succession planning is a topic that is often only considered once it's too late; by that I mean the business owner wants to get out suddenly, or worse, has passed away and the business is dragged through the probate process.

When is the right time to get advice?

13 July 2016 - posted in Insurance and Pre-Retirees and Retirees by Brenton Miegel

I’m often asked “when is the right time for me to obtain financial advice?”. As a rule, my response is that it’s never too early and never too late to seek the advice of a professional financial adviser.

The importance of TPD Insurance

11 December 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Total and permanent disablement (TPD) is your financial back-up plan. It gives you the confidence to seize life's possibilities knowing you've made plans to secure your family's financial future... just in case!

Thanks for the journey!

30 September 2015 - posted in Government Benefits and Insurance and Investment Markets and Pre-Retirees and Retirees by Brenton Miegel

This week it marks a significant milestone for me as a planner.

Insurance - like buying an umbrella on a sunny day

11 September 2015 - posted in Insurance and Pre-Retirees and Retirees by Craig Kirkwood

As with any type of insurance the decision to put cover in place is a personal one.

Are Aussies in their 30’s getting the financial raw prawn?

2 September 2015 - posted in Insurance and Investment Markets and Pre-Retirees by Will Chapman

The Actuaries Institute is presenting a report that suggests they could be!

Can you afford NOT to have Travel Insurance?

24 July 2015 - posted in Insurance and Pre-Retirees and Retirees by Will Chapman

Dreams of travelling can keep the mind busy for hours. One day I'll find a statistic that estimates what percentage of our lives are spent daydreaming of such things, be it a short trip to the Barossa Valley or swanning through Bordeaux... Much of my time with clients is spent discussing travel and importantly, how to fund it!

Changes to Workers Compensation

19 June 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

If you are relying on the Workers’ Compensation scheme as adequate cover against becoming disabled, you may be compromising the financial wellbeing of your family.

Are you redeeming Workcover?

22 May 2015 - posted in Government Benefits and Insurance and Investment Markets and Pre-Retirees by Will Chapman

Changes to the legislation regarding Workcover SA entitlements on July 1 2015 mean that many people are considering taking a Redemption payment, which is essentially a lump sum payment to finalise the Workcover process.

Increasing insurance premiums within employer Super

6 May 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

My last article discussed a change in the definition to the Total and Permanent Disability (TPD) with a number of industry funds with their group insurance policies. The recent changes mean that a member is now required to be ‘unable to ever work in any paid employment again’.

How’s this for a game changer?

30 March 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

Australia’s largest and most recognisable industry superannuation fund, AustralianSuper, has agreed to unilaterally alter the definition for Total and Permanent Disability (TPD) insurance to make it significantly more difficult for members to claim this benefit – a benefit for which they pay premiums from their own superannuation account.

Income Protection - and why you need it!

13 February 2015 - posted in Insurance and Pre-Retirees by Craig Kirkwood

We insure our cars, our homes and sometimes even our pets. Often, though we forget to insure our most valuable asset of all: our ability to earn an income.

How prepared are you (financially) for 2015 - Part 2

30 January 2015 - posted in Insurance and Pre-Retirees and Retirees by John Oliver

Continuing on from Brenton's blog last week with money tips for the New Year allow me to elaborate on the final five tips.

Nominating a Beneficiary (and why it’s important)

12 January 2015 - posted in Insurance and Pre-Retirees and Retirees by Will Chapman

Here's an example of how the absence of a Binding Death Benefit Nomination can really cause unnecessary stress among grieving family members.

New job - then this is for you!

17 November 2014 - posted in Insurance and Pre-Retirees by Brenton Miegel

So .......... you’ve recently started a new job and it's full on! But sorting out your super is an important part of the process of changing jobs. By taking a few simple steps to get your super organised today, you can help create greater financial security for tomorrow.

Why did I choose Financial Planning?

20 October 2014 - posted in Government Benefits and Insurance and Investment Markets and Pre-Retirees and Retirees by Brenton Miegel

I'm regularly asked "how did you get into Financial Planning?" or "why are you a Financial Planner?". The short answer is that 'it happened purely by accident', but I have no regrets!!

Be Prepared

13 August 2014 - posted in Insurance and Pre-Retirees and Retirees by Brenton Miegel

I was never a boy scout as a kid, but had plenty of mates that were. I always remember their motto of "be prepared". That motto never really made too much sense to me until I got older (and well beyond scouts) but for most things in life now it's a case of being prepared.

Will your life insurance go where you’ve intended?

5 March 2014 - posted in Insurance

Life insurance is purchased to protect yourself and the people you love. It is in place to ensure that they will be financially okay if you are unable to work. If insurance is not set up properly, the proceeds may not go where intended.