Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 859 results for "Death"

Super runs out before death: ASFA

KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
New research claims that the majority of Australians deplete their superannuation savings before death, countering the Retirement Income Review's findings. The Association of Superannuation Funds of Australia (ASFA) claims that most retirees run out ...

Risk inflows stagnant, satisfaction varies

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
... that have life insurance or various types of risk insurance income protection insurance, disability insurance, accidental death insurance, and trauma or critical injury insurance.

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... low risk will now be referred to as 'white collar' and professional will remain the same. Under the changes the cost of death only cover will decrease while TPD cover will increase. From 1 May 2021, members declared blue collar will see their TPD cover ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... by 3.2%, while public sector members will pay 0.4% more. A 45-year-old member for example, will pay $10.95 in total for death ($3.45), income protection ($5.65) and TPD ($1.85) cover per week, which includes a nine-cent increase per week or $4.68 extra ...

QSuper unveils retirement income product

KARREN VERGARA  |  WEDNESDAY, 10 MAR 2021
... retirees and 60% of it will be counted towards asset and income tests. It also has a spouse-protection option and binding death benefit nominations. A minimum of $10,000 is needed to purchase Lifetime Pension. At 60 years old, an annual payment amount ...

Aged care RC unveils 148 recommendations

KARREN VERGARA  |  TUESDAY, 2 MAR 2021
... risks of declining function, preventable hospitalisation, carer burnout, premature entry to residential aged care, and even death," the report read. On another worrying note, the substandard care and abuse pervades the Australian aged care system. Some ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
... industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on April 1. Premiums were last ...

Chief economist update: The cloud over the rainbow

BENJAMIN ONG  |  FRIDAY, 26 FEB 2021
"I think I can make it now, the pain is gone All of the bad feelings have disappeared Here is the rainbow I've been prayin' for It's gonna be a bright (bright), bright (bright) Sun-shiny day." -- Johnny Nash, "I Can See Clearly Now" Do you ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... increased claim numbers as well as changes to how the fund charges for cover. Those aged under 30 or over 51 will pay less for death and TPD cover, but for all other members prices will increase. For example, for a 45-year-old the cost if death and TPD ...

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
The latest GDP growth updates show that the world's major economies remain in contraction (in year-on-year terms) at the end of 2020 and despite the roll-out of vaccines, the COVID-19 pandemic (and now its variants) remain with us, triggering stop-and-go ...