Life Insurance Direct Blog

Cash-in this Holiday with Hosting on Airbnb Australia

The Airbnb boom is enabling many Australians to earn over $5,000 per month. This summer, Airbnb is looking for Australian hosts who want to cash in while away on holiday or make an extra income by renting out a spare room to travellers. Australia is usually one of the highest in-demand destinations from December to...
How To's 13 November 2019
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Insurance Opt-in for Under 25’s and Low Balance Accounts

There’s been a lot of news lately regarding Superannuation changes, for example how your retirement savings might get eroded by inappropriate insurance and what government is doing to protect you. With all the changes and technical jargon thrown around, it's understandable that many members are left confused. This article aims to clarify what you need...
News 12 November 2019
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Life Insurance for Selfie Deaths

The selfie is something of a cultural phenomenon and is especially appealing to travellers, where they take pictures of themselves against spectacular backdrops. However, taking a selfie in a hazardous location or with dangerous objects has led to over 259 deaths since 2011. More people now die in the pursuit of the perfect selfie than...
News 13 September 2019
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Life Insurance Claims Statistics in Australia

One of the biggest concerns people buying life insurance has, is whether their policy will payout should they suddenly pass away or become sick or injured. While a track record of claims paid is not the sole indicator of performance, it can be an important factor to consider when comparing companies and choosing a policy...
News 24 July 2019
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How to Avoid the Lifetime Health Cover Loading

If you're turning 31 this year, then you probably received a letter from the ATO informing you that you’ll soon be liable for the LHC loading if you do not purchase appropriate hospital coverage. When you’re young and healthy, you might be wondering if it’s worthwhile taking out Hospital cover simply to avoid the Lifetime...
How To's 11 June 2019
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New Super Rules for Life Insurance

You recently might have received an email from your super fund warning you that your life insurance will be cancelled because your account is inactive. Millions of Australians have insurance inside their superannuation. You probably have life insurance, TPD cover and perhaps even income protection insurance (salary continuance cover) in your super fund. To protect...
News 30 May 2019
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myOwn Health Insurance

AIA myOwn: Health Insurance That Gives Back A different type of health insurance that helps you get healthier and provide you with more value by combining hospital and extras cover with the AIA Vitality membership. myOwn health insurance Australia offers you up to 70% back on Extras from recognised providers, up to your annual limits....
Health & Wellness 13 August 2018
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Cash in on Being Healthy or Improving Your Health!

You know you’re supposed to get 8 hours of sleep, exercise 3 to 4 times a week, eat your fruits and vegetables and drink 8 glasses of water. You’ve recently learned the difference between ‘good’ and ‘bad’ fats and that eating a whole egg won’t give you a heart attack. You’ve read the labels, calculated…

Tax Saving Tips to Consider Before the End of The Financial Year

With the end of the financial year around the corner, you’re probably wondering what you can do to minimise your tax bill. There are quite a few things you should consider doing before 30 June. Prepare for the end of the financial year with our top 6 tax saving tips. By taking action before 30...
How To's 31 May 2018
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Increase Your Savings with Life Insurance Direct Refer A Friend

The Life Insurance Direct Refer A Friend program offers anyone the opportunity to get one month’s worth of premium for free, or a maximum of $100 for each successful friend referral. Not only will you save money, but you might even protect a friend against underinsurance.

How To's 28 May 2018
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How a Life Insurance Broker Can Save You Money

Finding the right insurance policy to protect you and your family can be stressful because you don’t want to choose the wrong policy, that doesn’t cover you adequately. One of the best ways to make your choice as easy and painless as possible is by working with a life insurance broker. What is an insurance...
How To's 15 May 2018
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How Your Life Insurance Application Is Assessed

A life insurance policy is one of the most important types of insurance you will ever apply for and outside of home insurance, it may be the most important insurance policy you have. As a result, when you apply for a policy you will be required to go through a detailed application process wherein you...
How To's 5 February 2018
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How to effectively process your life insurance claim

It is emotionally and financially stressful when a family member passes away, similarly stressful is being told that you can no longer work due to an illness or injury. These life events are challenging enough on their own, but now you must undergo the complex process of lodging an income protection, disablement, critical illness or...
How To's 5 May 2017
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How do I find the best life insurance policy?

The best life insurance policy is the policy which suits you and your individual circumstances. Every policy offers different built-in features and additional policy options, as well as different price levels. Not everyone will suit every single policy offered by insurers.

How To's 24 March 2017
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RACV Life Insurance

You might have heard about the life insurance discount offered by RACV and wondered if they’ve expanded their services to include life cover. While RACV offers cover for your home, your car and even your boat, they do not offer life insurance. However, if you’re an RACV insurance member, you can save on newly purchased...
How To's 17 March 2017
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Can I take out Life insurance if I am an Australian expat living overseas?

In relation to expats living overseas, a number of insurers have changed / updated their views on how willing they are to offer life / tpd / trauma or income protection to expat Australians livings aboard. Firstly: Here are some of the key pieces of information that we would need to know before we could...
How To's 10 March 2017
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Income Protection Premium Increases Set to Take Effect

Income Protection policy premium increases will commence in 2017 due to the higher than expected amount of claims being submitted and loss of revenue due to significant amounts of money lost on retail income protection over the last five years. As a result of these higher than expected claims and loss of revenue, most life...
News 10 February 2017
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Underwriting of Life Insurance Policies

Life insurance underwriting has everything to do with risk. When you apply for insurance coverage, you are essentially asking the insurance company to take on the potential risk of having to pay a future claim, should something unforeseen happen to you, for example, death or disability. What is life insurance underwriting? Life Insurance Underwriting can...
How To's 31 January 2017
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Avoid Being Overcharged on Your Life Insurance Premiums

New Life Insurance Direct Research Enables Older Australians to Save Big on Their Life Insurance Monday, December 12, 2016 New research by Life Insurance Direct reveals that 40 to 50-year-olds might be paying more for their life insurance. “We have done extensive research on more than 3,000 quotes from 32 brands and found that certain big...
How To's 12 December 2016
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What’s Behind the High Claims Decline Rates of Direct Life Insurance Policies?

The industry wide ASIC 498 report into life insurance claims outcomes unveiled the truth about how a customer’s choice of distribution channel (policy type) has a considerable bearing on the likelihood of their claim being accepted or declined. The findings were staggering, compared to the Retail (Advised) distribution channel, Non Advised (Direct) distribution channels have...
How To's 24 November 2016
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