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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…

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…

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…

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…

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…

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…

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…

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…

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…