Insurance Guides

The policy owner - The person whose name the policy is in and to whom the benefits will be paid. In the event of your passing the people designated in your policy will receive the payout or otherwise it will go to your estate.

Life insurance works by determining the health, lifestyle and the risk of the insured in order to determine the premium to pay for the insurance policy. Life insurance is paid every month in small amounts or as a lump sum.

When it comes to "mortgage insurance" there are usually 2 interpretations:

Definition of Trauma Cover Insurance

Trauma Cover Insurance pays a lump sum in the event of a diagnosis of incurable condition, e.g. cancer, stroke, heart attack, major head injuries.

There are 4 main types of Life Insurance however only term life insurance is widely available in Australia:

Have you ever thought what would happen to you if you became permanently and totally disabled? Would you be able to meet your financial and family commitments and maintain the quality of life you and your loved ones currently enjoy?

Term Life Insurance has become a popular form of life insurance because policy holders are covered for large benefits, in the case of death, relative to the premium that is paid.

Every year thousands upon thousands of people in Australia fall seriously ill or suffer a serious accident in the workplace, on the road or at home.

So you’ve bought your home and settled in. Now what? The commitment to regular repayments is a permanent fixture of your budget, your disposable income is much lower, but you have the security and peace of mind in owning your own home.