Life Insurance Direct

The National Disability Insurance Scheme – A guide to the NDIS

Russell Cain — Mon, 13 May 2013 02:32:15 +0000

The National Disability Insurance Scheme is a proposed federal government initiative designed to help those people in the community who suffer from a permanent disability. With an average of one Australian being diagnosed with a permanent disability every 30 minutes, there was an urgent need to improve the health care system [...]

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The Heart Foundation’s National Heart Week – Raising awareness for heart attack and heart disease

Russell Cain — Sat, 11 May 2013 02:31:47 +0000

The 5th of May 2013 marked the start of the Heart Foundation’s National Heart Week, with their aim to help improve the heart health of all Australians. Some facts about heart disease Did you know that in 2011 Ischemic heart disease and cerebrovascular disease were the two leading cause of death in [...]

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Stepped vs. Level Premiums Video – Know the Difference!

Russell Cain — Thu, 09 May 2013 04:16:36 +0000

Not sure of the difference between stepped and level premiums? Our short video guide will help to explain some of the key factors that separate the two premium styles, including the advantages and disadvantages of each premium style type. Stepped vs. Level Premiums Transcript Stepped vs. Level premiums So what we’ve got here [...]

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CommInsure Claims Statistics 2012

Russell Cain — Sun, 05 May 2013 07:07:16 +0000

CommInsure have released their preliminary claims details for 2012, announcing that over $700 million was paid! The details of CommInsure Claims in 2012 paid out: Source: CommInsure ‘Did You Know’, 26 April 2013 How to make a claim with Life Insurance Direct: There are a number of steps you need to follow when lodging [...]

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AIA Australia Income Protection Premium Increase 2013

Russell Cain — Thu, 02 May 2013 03:57:52 +0000

AIA Australia will increase their Priority Protection Income Protection, Disability Income and Business Expenses premiums by 7% this year after paying a record amount of claims in 2012. The increase will only be applied to those customers on stepped and optimum premium patterns and will come into effect from the next [...]

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Level Life Insurance Premiums – A Video Guide

Russell Cain — Mon, 29 Apr 2013 07:05:21 +0000

This short video will help to explain the cost of life insurance when a Level Premium style is selected. It will help explain who level premiums might suit, and the advantages and disadvantages of using this premium style. Level Premiums Transcript Level Premiums Level premiums are fundamentally a premium style that’s been on [...]

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Australians letting trauma policies lapse

Russell Cain — Mon, 29 Apr 2013 05:56:16 +0000

New data released by life insurer Asteron Life has shown that Australians who have a trauma policy are either cancelling or letting their policy lapse before the policy is needed. According to Asteron, while the average age for taking up trauma insurance is 40, the average age for a trauma event [...]

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TAL Insurance Survey – Generation Y vs Baby Boomers

Russell Cain — Thu, 25 Apr 2013 07:05:28 +0000

It is commonly viewed that there is an underinsurance issue in Australia, with a number of surveys and reports over the years highlighting the issue. While the life insurance industry saw growth in sales in 2012, it is still widely held that Australians are underinsured. A new survey from TAL, one of [...]

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Stepped Life Insurance Premiums Video

Russell Cain — Tue, 16 Apr 2013 07:16:16 +0000

If you are still unsure about Stepped Life Insurance Premiums, this short video we have put together will help explain stepped premiums and why this premium structure involves increasing insurance premiums. We will also detail who suits a stepped life insurance premium as well as some of the advantages and disadvantages [...]

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Accounting Professionals and Ethical Standards Board finalise APES 230

Russell Cain — Tue, 16 Apr 2013 04:46:05 +0000

The Accounting Professionals and Ethical Standards Board (APESB) has finalised the revised Accounting Professionals Ethical Standard 230 (APES 230), providing further guidance and clarification to financial advisers and accountants. The new standards are extended to include all clients and financial planning services including mortgage brokers and other financial services that are [...]

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