Posted in Insurance

Do you know what trauma insurance is? Recently we've been asking friends if they know what trauma insurance is.  The feedback is that they are really not sure what it covers you for. We all know someone who has been touched by cancer or a heart attack or MS - well if that person had trauma insurance then they could receive a lump sum payment.   This lump sum payment could be put towards: your medical expenses (not covered by private health or Medicare...

Household Worker Insurance Do you employ workers in your home?  Most people are unaware that they have to insure casual workers, that complete work at their home, and that it costs very little to insure them.  A household worker could be: a Cleaner a Babysitter a Nanny a Gardener a Labourer or Tradeperson. This article provides some good examples of how a WorkCover Queensland insurance policy could save you thousands of dollars if the...

Introduction Unfortunately, the vast majority of people do not understand what Trauma insurance covers, and why they should have it. This article attempts to explain what Trauma insurance covers, and why most of us should have at least some Trauma cover, by detailing one of my client's recent Trauma insurance claim experience. For privacy purposes, I have changed the client's personal details, however, the facts about the insurance cover and claims process have not been...

  Do you know if your Income Insurance Claim Payments are Taxable? The answer is 'Yes, they are' so don't get caught at tax time with an unexpected tax bill!   Life insurance companies are very quick to tell you that your Income Insurance premiums are fully tax-deductible whether you pay the premium, or your employer pays the premium on your behalf.
Unfortunately, most people are not aware that any Income Insurance claim payments received are ta...

Do you know what your tax savings could be if you have Income Insurance? Most people understand that Income Insurance premiums are tax deductible, but are unsure exactly what the savings might be for their particular circumstances.
The actual dollar-cost saving will depend on your Income Insurance premium and your Marginal Tax Rate ("MTR"), which is dependent upon your Taxable Income you can click here to check what your particular MTR might be.
In order to illu...