If you need life insurance, it is important to know how much and what kind you need. Although generally renewable term insurance is sufficient for some people, you have to look at your own situation. As with investing, educating yourself is essential to making the right choice.
In 2015, Australia passed an important milestone. You probably didn’t even notice. But it’s something that, if the trend continues, could dramatically change the way you live.
Westpac reported that 53% of payments made in Australia were cashless. It is estimated that Australia will be cash-free as early as 2022.i
The Royal Australian Mint says there’s been a significant decline in demand for circulating coins. The Mint produced 20% fewer coins overall in the most recent year on record. The five cent coin was the least loved, with demand dropping roughly 35%.ii
If a world without cash seems inconceivable, you only need to look north to see what’s happened. In Sweden, they’re fast moving towards digital transactions only.iii In 2015, only 2% of payments (by value) were in cash. It’s legal to not accept cash at a store. The government is happy to promote its cashless society mandate.iv They explain that "even children pay with cards", and that vendors prefer not to handle cash for security and bookkeeping reasons.
This survey, conducted by Adviser Ratings, attempted to provide insight into insurance claims by surveying those at the coal face of the claims process - financial and risk advisers. Advisers were also asked to rate and comment on group life and direct life policies, given many clients seek advice in relation to these insurers and their policies.
AFRM helps client receive over $1 million following a degenerative back condition.
1. A good adviser knows what will work at claim time. Their advice and the policies they recommend will be purely based on this. It only pays to have insurance when it is the right insurance for you. And the right insurance is only right if you make a claim and it gets paid.
Understanding the difference between binding and non-binding nominations in your superfund
Are you confident that when you die you know exactly where your money will go? Many of us are unaware that it can be down to the trustees of our superfund who decide which of our dependants will receive our funds in the event of our death.