The terms 'Financial Planner' and 'Financial Adviser' are about to be enshrined in law. Effectively, this means that it will be a legal offence to call yourself a Financial Planner or Financial Adviser, unless you are licenced, and therefore suitably qualified. This is important for clients when seeking professional advice about their financial requirements, because they will now have the confidence of knowing they are actually dealing with a qualified and licenced ...

It's getting harder and harder to deal with large corporations such as Life Insurance companies. They sprout-on about what good service they provide, how it's so easy to deal with them, and are quick to tell you if they won an award for their customer service, but quite often they're just too big to provide a personal service. A client of mine recently discovered that thier Life Insurance premium was deducted twice from thier Credit Card. Fortunately, as I am their Life Ins...

I completed a Life Insurance Assessment for a client today and, in effect, I recommended that they borrow to pay for their Life Insurance premiums. I calculated that the overall cost to borrow the Annual Premiums, including the Interest, was lower than paying the premiums monthly. Premium Frequency Loadings: Life Insurance companies usually add a 'premium frequency loading' if you elect to pay the premiums on a Monthly, Quarterly or Half-Yearly basis. Home Loa...

One of the advantages of having Life Insurances included in your Qsuper Superannuation fund was that you are automatically accepted (up to a certain amount). If you couldn't obtain cover direct with a Life Insurer, at least you still had some Life Insurance in your Super. I've just researched Qsuper's latest Life Insurance Benefit Guides (for a comprehensive Financial Plan I am preparing for a client), which confirms that whilst Qsuper automatically provides Death cover...