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Life Insurance Direct Blog

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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New Super Rules for Life Insurance

[vc_row][vc_column][vc_column_text css=”.vc_custom_1559197476992{margin-top: 15px !important;margin-bottom: 15px !important;}”]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…

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….

Cash in on Being Healthy or Improving Your Health!

Insurers offering rewards programs Reduced premiums and wellness rewards for maintaining a healthy lifestyle are now available from multiple insurers in the Australian life insurance market such as: AIA Vitality BT My Wellbeing Reward Zurich LiveWell ClearView Health Maintenance MLC On Track 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

[vc_row][vc_column css=”.vc_custom_1502698270226{margin-right: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_column_text]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…

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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Building Trust in Your Life Insurance

[vc_row css=”.vc_custom_1479097061246{margin-right: 0px !important;margin-bottom: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_column css=”.vc_custom_1479096426038{margin-right: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_column_text]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,…

How To's 14 November 2016
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Is our Australian Lifestyle Cause for Concern – Australian’s Health 2016 Report

It’s another typical Australian day. You wake up at 06:00 and prepare the kid’s lunches while they attempt breakfast by having a bowl of Weet-Bix and spilling mot of it on the floor. Two hours of chaos later you’re dressed and heading out the door. You manage to drop the kids off just as the…

Health & Wellness 26 September 2016
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The 2016 Quote Index: What’s New, What’s Different, And What It Means For You

A year goes by so fast, you start conversations with “just the other day”, when in reality it happened over 12 months ago. We understand it’s difficult to keep track of all the changes taking place in just one year. That’s why we want to keep you up-to-date on the latest life policy trends, ensuring…

News 1 August 2016
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Avoid Being Overcharged on Your Life Insurance Premiums

Avoid Being Overcharged on Your Life Insurance Premiums Sydney: 18 July, 2016 – Life Insurance Direct has done extensive research of more than 3,000 quotes from 32 brands to launch the 2016 Life Insurance Direct Quote Index. The research reveals that certain big brands are consistently overcharging on life insurance premiums. The 2016 Life Insurance…

News 15 July 2016
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Avoid Being Overcharged on Your Life Insurance Premiums

[vc_row css=”.vc_custom_1468560262047{margin-right: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_column css=”.vc_custom_1468560490729{margin-right: 0px !important;margin-left: 0px !important;padding-right: 0px !important;padding-left: 0px !important;}”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Sydney: 18 July, 2016 – Life Insurance Direct has done extensive research of more than 3,000 quotes from 32 brands to launch the 2016 Life Insurance Direct Quote Index. The research reveals that certain big brands…

News 15 July 2016
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Does Life Insurance Provide Peace of Mind or is Ignorance Bliss?

When buying life insurance you’re often content knowing that, if you should pass away unexpectedly, your insurance company will step in and financially support your loved ones. Unfortunately, this isn’t always the case. This article explores ways you can increase your control and certainty of your policy paying out. Earlier this year , on the…