Life Insurance Direct Blog

Frontline Healthcare Workers are not excluded from life insurance coverage

Earlier this month there was some discussion around life insurance policy exclusions for healthcare professionals as many were quick to either purchase life insurance policies or increase their coverage.

News 28 April 2020
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The Coronavirus and Your Life Insurance

In December 2019, the Chinese authorities detected the outbreak of the Coronavirus, which causes the disease Covid-19. The World Health Organization (WHO) declared the disease a pandemic on 11 March 2020, as the illness reached over 110 countries and territories across the globe. Many Australians are concerned whether their life insurance will pay out should…

Rest Ends AIA Insurance Partnership

TAL Insurance replaces AIA Insurance Rest, one of Australia’s largest super funds previously enjoyed a 15-year relationship with AIA Australia. However, after reviewing both companies’ insurance offerings, Rest felt that TAL would offer its members more affordable and flexible insurance.   In May 2019, the super fund asked TAL to become its new life insurance…

News 10 February 2020
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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

It’s become all too common for most people to carry around a smartphone with a front facing camera. When you couple this with a burning desire for instant gratification, the consequences could be dire.  Selfies are fast becoming most people’s favourite way to document their experiences. This is particularly true for travelers who typically can’t…

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 31 years old, learn how you can avoid the additional 2% loading fee when purchasing private health insurance before the 1st of July.

How To's 11 June 2019
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New Super Rules for Life Insurance

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…

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. AIA 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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Get Rewarded for Improving Your Health!

Insurers who offer rewards programs Here are some of the reduced premiums and wellness rewards for maintaining a healthy lifestyle that are now available from multiple insurers in the Australian life insurance market, such as: AIA Vitality Zurich LiveWell ClearView Health Rewards NEOS Preferred Lives Discount TAL Health Sense Resisting repeated temptations and willing yourself…

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, up to a maximum of $100 for each successful friend referral. Not only will you save money, but you might even protect a friend against underinsurance. Underinsurance is a massive concern in Australia. You…

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. Four easy steps to finding the best life insurance policy: Step 1: Speak to…

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?

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…

How To's 10 March 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. Be aware, many of direct insurers have extensive exclusions…

How To's 31 January 2017
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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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Building Trust in Your Life Insurance

The recent 498 report by ASIC looked into life insurance claims and disputes registered with an external dispute resolution entity in the Life Insurance Sector. It revealed detailed statistics around claims; claims paid in full, partially, and declined. This report provides the industry with some invaluable insights, however it is also important that consumers become…

How To's 14 November 2016
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