Life Insurance Direct News

A Guide to The 1 October 2021 Income Protection Changes

IThe recent income protection changes impact disability definitions, income at risk calculations and the monthly benefits you’ll be able to claim. Find out how the changes impact you and whether it’s worth applying for a new policy.

News 15 October 2021
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Income Protection Changes 1 October 2021 Deadline

Some of the most significant changes ever to income protection have been mandated by APRA. No later than 1 October 2021 the next four changes will kick in.

News 21 September 2021
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Premium Projections Launched For Life Insurance

Insurtech Platform Life Insurance Direct has a new premium projection facility as part of its comparison engine to help you estimate your potential annual insurance premiums. Learn how much you can expect to pay for your life insurance premiums for the next 10 years.

News 20 September 2021
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Income Protection Premiums Increase for 2021

Find out if you’ll pay more for your income protection insurance and 10 ways you can reduce the cost. Compare income protection premiums online and save!

News 1 January 2021
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No-exam trend in Life Insurance on the rise

COVID-19 has strengthened the trend of no-examination Life Insurance in the industry but we need to consider whether this will truly give us the best outcome.

News 15 December 2020
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Life Insurance Direct Launches Customer Wallet App

Protect & provide for your family with the Life Insurance Direct Wallet. One place to store all your life insurance information for quick & easy comparisons

News 8 October 2020
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Superfunds caught incorrectly overcharging members with smoker rates on their premiums

Have you given up smoking in recent years? Or maybe your superannuation fund has wrongly classified you as smoker. Now is a good time to check and make sure you’re not paying extra on your premiums.

News 10 September 2020
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Income insurance premiums are rising and here’s what you need to know

Operating in these difficult economic times has forced many insurers to change their pricing and product features to ensure sustainability in the future so that they can continue to benefit their customers.

News 15 August 2020
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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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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

[vc_row][vc_column][vc_column_text css=”.vc_custom_1573534185980{margin-bottom: 40px !important;}”]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 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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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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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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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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