Protecting
If misfortune strikes then your life and wealth creation journey will be interrupted, sometimes severely. Learn how to erect a robust safety net under your lifestyle and live with peace of mind.
Centrelink won’t save you
When I talk to people about the importance of erecting safety nets under their lifestyle I am often countered with “won’t I be able to get Centrelink?” Centrelink is social security not social comfort nor social choice. Theoretically social security is to keep you above the poverty line if misfortune strikes. But many who rely [...]
Four types of life insurance
Insurance is a tool to help protect your lifestyle and wealth creation if misfortune strikes. This article provides a brief overview of the four main types of personal risk insurance. Commonly these are referred to under the umbrella term of “life insurance” but they each serve distinct purposes. Think of each type as a different [...]
Tragedy strikes around 20 percent of working families
Many people overlook personal insurance thinking tragedy will never happen to them. Then a friend or family experiences tragedy and they get a wake-up call. The latest research released yesterday by Lifewise/NATSEM reveals that it can and probably will happen to you at some time during your working life. More than one in five families will be impacted by an insurable event in their working lives.
Understanding Private Health Insurance
Private health insurance is one of the valuable tools that you can use as part of your lifestyle safety net. One of the big benefits is access to a private hospital and avoidance of lengthy public waiting lists if you ever need surgery. (Of course deep pockets also gives you such access.) The private health [...]
Life Saving Advice
These days many people survive a serious illness like cancer, heart attack and stroke. But the experience leaves many financially crippled. It shouldn’t and doesn’t need to be that way.
Thwack! Zero income. How long will you last?
The economic down turn and publicised retrenchments may have caused your mind to wonder “how will I cope if I lose my job?” Whether or not you are facing the potential of losing your job I recommend you seriously ask yourself “how long could I last on zero income?”
The value of TPD Insurance
When you’re fighting fit and rarely see a doctor it can be hard to imagine ever needing insurance. Watch this true story of David Blakeway, a middle-age professional who suddenly suffered an aneurism. David describes his surgery, time in hospital and how his Total & Permanent Disability (TPD) claim allowed him to ‘put his life [...]
Insurers never pay, right? Wrong!
Insurers are nasty and will do their absolute best to deny a claim so what’s the point of having insurance – right? Wrong! During the last financial year 98% of all Australian personal insurance claims were paid. And of the 2% that were initially rejected a further third were later paid as a result of [...]
She’ll be right mate – It won’t happen to me
According to research released by AXA yesterday “Australians are amongst the most carefree and optimistic nations in the world when it comes to life risks.” Optimism is a great thing but is our attitude based on fact or based on a desire to avoid thinking about that which makes us uncomfortable? The research suggests that [...]
How to not lose your life savings
Oh the tragedy! On the front cover of yesterday’s edition of The West Australian newspaper was a story about a single Dad who had lost his life savings in the recent collapse of the property developer, Australian Capital Reserve. Sadly when I read such stories the empathetic part of me is quickly overrun by frustration. [...]
Twitter
Youtube
LinkedIn
Matt Hern Financial Planning
RSS
Facebook
Digg