Financial Standard Comments - Rice Warner warns of massive TPD underinsurance Underinsurance in life, income protection and total and permanent disability (TPD) cover is costing the government more than $1.5 billion a year, according to a new report by Rice Warner. https://www.financialstandard.com.au/feed/latest?story=36612433 Wed, 04 Dec 2013 12:44:35 +1100 Wed, 04 Dec 2013 12:44:35 +1100 en-AU Copyright 2026 Financial Standard 5 Comment by Enis Vural (DollarWise Financial Services) Might be time to review the insurance companies so that they do not limit the amount of TPD to be the same or lower than life cover within Super funds.

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]]> Enis Vural (DollarWise Financial Services) Wed, 04 Dec 2013 12:44:35 +1100 Comment by Sarah Petrovski (Retired) A typically self-interested report, yet again trying to scare people into buying more insurance. It is not "underinsurance" if the person decides (a) to take accept the risk of not being insured (with the financial upside of no premiums if, in the more than likely outcome, there are no claimable events) and (b) a persons decides to self-insure rather than buy a policy from an insurer.

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]]> Sarah Petrovski (Retired) Wed, 04 Dec 2013 15:19:39 +1100