Why it is still important to have permanent disability insurance in Australia. With the rollout of DisabilityCare Australia, many Australians are of the mistaken impression that it will no longer be necessary to purchase permanent disability insurance. This is not true, as the current setup will not affect Australians who suddenly find themselves with a…
Consulting a financial planner is a great first step; here are some things to help you prepare for your first meeting. The best approach to financial planning is to work with a professional financial planner. We can’t give specific advice on a blog because everyone’s situation is different, but we can give you some general…
Have you ever wondered how term life insurance works? Here is an easy explanation to get you started. You may know term life insurance by one of its other names: life cover, death cover or life insurance. By any name, term life insurance is an inexpensive way to protect your family in the case of…
Why many investors choose industry super funds over SMSF—and why many don’t. There are as many situations as there are individual investors. SMSFs, or “Self Managed Super Funds,” have become a popular choice among individual investors and small groups of investors, while industry super funds have also become a popular choice for individuals. While there…
Many Australians carry both trauma cover and total disability insurance (TPD). Here’s why. Although trauma cover and total disability insurance (TPD) are similar, they are designed to produce two different outcomes. That makes it important to understand what both coverages do and what they don’t do. Trauma Insurance: the Basics Trauma insurance is taken out…
Finance broker provides tips to help simplify and refine the process of investing. Investing can be confusing for those who aren’t “in the business.” Today’s investment landscape is fraught with pitfalls for an inexperienced investor trying to “go it alone.” Though we always recommend going to a professional finance broker, here are some investment basics.…
A basic guide with facts that can help you compare income protection insurance. Income protection insurance is designed to help provide funds for you and your family in case you are unable to work for an extended period of time. Illness or injury can create a lot of unanticipated expenses, compounded by the fact that…
Useful facts about maximising your superannuation guarantee and securing your future. At Approved Financial Planners, we are experts at helping you maximise your super funds to help ensure a comfortable retirement. Consequently, we always recommend seeing a professional financial planner such as those in our Perth office to look at your individual situation and make…
How the financial planning process can help you control your future without adversely affecting your current lifestyle. We often refer to financial planning as a product. In reality, though, it is a process in which your finances are managed in the short term to produce long-term gains and financial security. A great financial planner can…
Why income insurance is an important part of protecting a subcontractor’s assets. Subcontractors find themselves in a unique position. They don’t have a boss or a regular paycheck, meaning that they don’t have access to workers’ compensation or sick leave. If they become too sick or injured to work, they don’t have a financial “cushion”…
