Category Personal Insurance
Taking out life insurance can help reduce the risk of financial hardship, with a payout to help you and your family through the tough times.
New data from the FSC, exploring the gender differences for claims, shows that the top cause of death claims is cancer for both men and women, but at a far higher percentage for women, and that for TPD claims, mental health disorders tops the list for both men and women at 24 percent and 27
Poole Group is here to support you! Whilst we are continuing to operate as usual, we only have skeleton staff working at our office. The majority of our team is now connecting securely to our server from their home. This ensures minimal disruption to providing you with our standard quality services.
On Sunday 22nd March 2020, the Commonwealth Government released the second stage of its economic plan to cushion the impact of COVID-19 on the economy and provide support to businesses and individuals.
On Wednesday 11th March 2020, the World Health Organisation (WHO) upgraded the status of the COVID-19 outbreak from epidemic to pandemic. We are here to assist any clients who are being directly or indirectly affected by this Pandemic, please contact our office for assistance to speak with your adviser regarding current Government Stimulus package, business
Sunshine Coast has 9 advisers per 10,000 population, a lower concentration of advisers than the average of 10 in Australia. Sunshine Coast has a population growth rate of 12% in the last 5 years compared to 8% for Australia. Its median age of 43 is higher than the national average of 37. The affluent over
Cancer Claims Data – Life Companies pay $1.55 billion+ in June 2019 The Financial Services Council has released new life insurance claims data highlighting Australia’s 10 most claimed cancers, as World Cancer Day is acknowledged around the globe. To find out more click on the link below; Cancer Claims Data If you have any questions
Our Poole Group office will be closed the 6th December 2019, to allow all our staff to participate in our Christmas Activities. We will have an answering service which will be able to take messages which we will respond to when we return to our usual working hours on the 9th December 2019.
Having the right type and amount of insurance gives you and your loved ones confidence that you can continue to make the most of the life you love when things change.
Scenario 1. Its 7 am on a Monday morning, you get to work and there is fire & smoke billowing from your windows. The fire brigade is on site, what do you do next? What is your emergency plan?
ASIC Finds Consumer Credit Insurance Poor Value and Harming Consumers ASIC’s review of the sale of consumer credit insurance (CCI) has found unacceptable sales practices, poor product design and significant remediation costs in CCI sold by major banks and lenders. Find out more, click this link.
To get the most out of your life insurance, consider your own needs, circumstances and medical history. When looking at a life insurance policy it’s important to check:
Australia – as the saying goes – is a ‘lucky country’. Our standard of living, our climate, and our health care and social security systems all stand up well to international comparisons. But there is a downside, in the false sense of security that Australians live with in terms of their health, and their capacity
The Chance of Developing Stroke Sometime During One’s Lifespan Is 25% It’s a worldwide health threat. The probability of a person developing a stroke at some point during their remaining lifespan is seen at one in four globally on average, according to 2016 data from the Institute for Health Metrics and Evaluation. The lifetime stroke risk
Stepped versus level premiums is a conversation advisers should have with every client when considering long term life insurance cover. Choosing which is better is more than an economic consideration and depends on the client. To find out more click on the link below or contact Hayden from our office on 07 5437 9900. http://magazine.riskinfo.com.au/37/choosing-between-level-and-stepped-premiums/
Over the years we have witnessed first-hand what can happen when a client’s Estate Plan hasn’t been structured correctly. We think it’s important to preserve the Family Wealth and pass assets onto future generations, below are 5 key points to think about and act on.
Adviser Success Podcast Series Learn how the Poole Group has found a great formula that successfully combines accounting and financial planning advice services. Hayden White reveals how an involvement in the claims process can make all the difference for accountants in their engagement with financial advisers.
TAL Life Limited is Australia’s leading life insurance specialist, protecting people for over 140 years. At the heart of the claims experience is you. Their goal is to help you lead as healthy and full a life as possible and help you get back to health as quickly as possible
Advised life insurance has a higher rate of admitted claims than non-advised insurance across all four product types, according to new data released by ASIC and APRA. The two regulators released the data as part of the second phase of an ongoing project to collect and analyse claims data from all life insurers to establish
The Insurance market is reviewing cover in respect to mental illness. At the time of writing, some policies specifically exclude mental illness whilst others are reviewing their cover.
Income Protection (IP) is a policy most medical professionals are aware of but if you are self-employed, do you have the right policy to cover ongoing fixed expenses of the practice? IP covers up to 75% of your gross income but it doesn’t provide additional cover for things like rent, administration wages, equipment leases, net
The majority of medical professionals are aware of the importance of Income Protection (IP) and have the relevant policy in force, however; there is only a small portion that have their fixed business costs covered. Business Expense Insurance (BEX) is a policy designed to replace up to 100% of eligible fixed business expenses such as
The Australian Securities & Investments Commission (ASIC) has recently released Report 498 which highlights the benefits of using an adviser for personal retail insurance (Term Life, TPD, Trauma and Income Protection) as opposed to other channels like direct insurance and insurance held via group superannuation accounts. The report shows that you are 71% more likely
On the 1st July 2015 the Federal Government changed the definition of terminal illness for the purpose of superannuation and tax law changed whereby the period to be able to make a claim was extended from 12 to 24 months. This significant change provides those suffering from a terminal medical condition earlier access to their
When it comes to the needs of women, it seems we should be aware of the differences when comparing what is covered in trauma insurance policies. http://www.riskadviser.com.au/viewpoint/13531-considerations-for-trauma-insurance-advice-to-women
Trauma and Income Protection insurance are normally taken out by clients once they go into debt or have a family. However, it is vitally important even at a young age to ensure costs can be covered for specialist medical treatment especially when it is not covered by the PBS (Pharmaceutical Benefits Scheme) system. This article
The number of bankruptcies in Australia fell 11.2% in the March quarter 2015 (4,379), compared to the March quarter 2014 (4,932) and increased 4.8% compared to the December quarter 2014 (4,179)1. So what is the treatment of life insurance proceeds, both outside and inside super, in the event of bankruptcy? Bankruptcy & Life Insurance
The terms “overweight” and “obese” are used to denote situations where excessive fat accumulation represents an increased health risk. It is important to know the impacts and true costs of obesity. Here’s an article written by Dr Pramodh Nathaniel, Chief Medical Officer for TAL. Size Does Matter
With thanks to riskinfo eMagazine, here’s an article that takes a look at blood pressure & hypertension – hypertension being a condition with which many of your clients and perhaps a few of you, may be familiar!
I was informed by one of the Poole Group accountants that their client suffered a water skiing accident and was unable to work. Naturally I suggested that the client should be entitled to an income protection benefit for the time off work. I contacted the client and explained the potential benefits he was entitled to
I was recently referred a client who has a range of personal insurance policies including Term Life, Total & Permanent Disability (TPD), Trauma and Income Protection. The policies were set up via another adviser over 5 years ago and the client’s main concern was that he had not heard from the adviser since the initial