Life Insurance Direct Blog

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

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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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

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. Download Press Release PDF Download PDF “There are many misconceptions about which...
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…

Immigrating to Australia to Join the Now 24 Million other Aussies

After years of arriving early to work and staying late, you’ve finally been promoted. Your new position allows you more freedom, creativity and the opportunity to travel. You’re immigrating to one of the best countries in the world, Australia. Because of its high quality of life, Australia has been ranked the second-best country in the…

How To's 9 May 2016
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Protect Your Income as Mortgage Repayments Increase

After months of meticulous planning and years of daydreaming you’ve finally been approved for a home loan. You move in and start decorating, filling each space with beloved knickknacks. The mortgage repayments are high, but you’ve budgeted, you feel confident. Out shopping one morning, a newspaper headline catches your eye: “Property price surge could lead…

Health & Wellness 29 February 2016
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Don’t take ‘no’ for an answer and talk to a specialist

Don’t take ‘no’ for an answer and talk to a specialist Consumers who experience difficulty getting insurance – including life, income protection, trauma or total and permanent disability (TPD) – need to be determined and keep trying. “Just because one life insurance company won’t cover you, doesn’t mean another won’t,” says lifeinsurancedirect.com.au CEO Russell Cain. Cain says…

News 8 February 2016
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Will you be accepted?: Three years of statistics

Despite their usefulness, generalisations aren’t always entirely reliable, they can often be misleading, and at other times, simply wrong. For insurance purposes, some generalisations are useful to assessing risks, costs and consequences; all other things being equal females will outlive males, tobacco use is detrimental to your health and the probability of death increases with…

News 30 November 2015
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How to manage food allergies

We live in an age of food panic. If you were to do look at your online search history, the words gluten free, diary free, soy, egg and/or nut free are most likely in your most recent searches. This is not surprising. According to the Centres of Disease Control and Prevention, food allergies among children…

Health & Wellness 5 November 2015
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Life Insurance Framework Survey 2015 Results

Life Insurance Direct have the exclusive right to publish the  ‘Life Insurance Framework Survey 2015’, as authorised by the Life Insurance For Consumer Group. All references to this survey must use the following link: https://www.lifeinsurancedirect.com.au/life-insurance-framework-survey Post the Life Insurance Framework (LIF) announcement, there was a plenty of anecdotal evidence of misrepresentation, and deep concern that…

News 29 October 2015
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