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Showing 41 - 50 of 100+ results for "Insured"

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... members. According to the committee, an increase to insurance premiums as a result of the overall risk profile of group insured members shifting in response to the legislation would serve only to demonstrate "the substantial cross-subsidies that are ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
... approved. Previously, if a claim for TPD was approved after meeting definitions, members were paid 60% of the TPD sum insured, while the remaining 40% would be assessed at a later date. The timeframe for terminal illness insurance benefit payments will ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... super fund said. "To recognise this, we have introduced gender-based pricing." Members can apply for an early release of insured death benefits if they suffer from an illness that will lead to death within 12 months. This timeframe will change to 24 ...

Group insured, advised clients better off

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
A joint-project on life insurance claims and disputes has revealed group insured and advised clients are better off when it comes to life policies. Just the second publication to use the full data set from ASIC and APRA's initiative since its launch ...

Advisers losing female clients

ELIZABETH MCARTHUR  |  THURSDAY, 6 JUN 2019
... her first house at 21 - becoming a financial adviser by 25. However, after her husband's death she found herself under-insured and in debt. The experience inspired her to build her business, DLP Life Design, with the express purpose of helping people ...

Quirky SMSF investments unveiled

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... nitrogen and is more tradeable than bullion, LaGreca said. "Like any SMSF asset, it needs to be professionally stored and insured, so these costs need to be factored against any capital growth forecasts," he said. One SMSF invested in industrial-grade ...

Survey says no to subsidising life insurance for genetically at-risk Aussies

HARRISON WORLEY  |  MONDAY, 10 DEC 2018
... insurers strike the right balance between acting in the interests of those with adverse test results and the rest of the insured community. "Australian life insurance policies are for the very long term and can last for 40 or 50 years or more. The industry ...

Productivity Commission counters group insurance research

KARREN VERGARA  |  MONDAY, 29 OCT 2018
... commissioned within four years to evaluate initiatives and consider necessary policy intervention. Of the 12 million Australians insured for life, TPD and income protection via their superannuation, the Commission estimates 17% of these members have ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission. The wealth manager continued to deduct life insurance premiums from a deceased customer, even after AMP has ...

Royal Commission tables life insurance policy questions

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... private investigator. This begs the question if life insurers should be prevented from engaging in surveillance of an insured with a diagnosed mental health condition or is making a claim based on a mental health condition? "If not, are the current regulatory ...