When floods swept through NSW's Mid North Coast and Hunter regions in May, they exposed a now-familiar cycle: evacuation orders, waterlogged homes, and another round of insurance claims.
When shoppers used Choosi to compare life and funeral insurance, they thought they were choosing between leading companies. But according to ASIC, they were really picking between policies underwritten by a single provider.
Knowing you have life and TPD insurance through your super is reassuring. But your fund doesn't know your particular needs. It's up to you to adjust your cover.
It's a fact of life that, on occasion, things go wrong. But it may be of some comfort to have a financial safety net available in the form of life insurance.
Having income protection insurance doesn't just let people focus on their physical recovery, it can also prevent household finances unravelling during a stressful time.
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