To assist your clients affected by the September and October 2019 bushfires, we would like to extend our support to those experiencing difficulty during this challenging time. BT is offering a Bushfire Assistance Package which provides a premium waiver period of 3 months for eligible Protection Plans policies. Eligible policy holders can apply for this
Your life insurance is flexible and can be adapted to your changing needs. Make sure you have a cover review with your adviser every 12-18 months to ensure you’re covered for just the right amount, paying the right amount, and getting the best value from your policy. Every 12-18 months, make sure you ask yourself,
Know where you stand Here at PRP, we dispel some common myths about life insurance to help you make informed decisions about your cover. Myth # 1 – Life insurance companies don’t pay claims There’s a common perception that life insurance companies will do everything they can to avoid paying claims. In fact, 92% of
Your duty of disclosure (and why it matters) The application process is your chance to get certainty from your insurance. That’s because the information you provide in your application will help dictate what you’re covered for, and how much it will cost. Carry out your duty of disclosure correctly, and you can be confident your
Will you be affected by new super changes? On 1 July 2019, a raft of new super changes are to come into effect. They are primarily designed to protect younger workers and those with low account balances. To stop the superannuation accounts of vulnerable Australians being eroded by life insurance premiums, a number of changes
Odds are it’s been a while since you looked over your health insurance cover. It’s understandable – there are over 40,000 products in the market and premiums regularly go up. It can seem confusing and expensive, but there are still plenty of reasons to review it more regularly. First, reviewing your cover ensures you’re paying
Changes to Superannuation legislation – what this means for your clients Changes to superannuation rules that will affect particular client accounts were recently made law. The aim of the legislation is to protect members, particularly those with low superannuation account balances, from account erosion due to excessive fees or insurance premiums. The Treasury Laws Amendment (Protecting
Recently the federal government introduced new laws, known as the Protecting Your Super package, designed to ensure that members are not paying for insurance cover that they do not know about or premiums that inappropriately diminish their retirement savings. About The Reforms From 1 July 2019, these new laws require super providers to cancel insurance
