Category » Life Insurance Articles

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1. Trauma Cover – Just what the doctor ordered.
   Ask any doctor and they will tell you that to recovery after a serious illness or accident the body needs to rest. But in most cases that is easier said than done when you have no income and medical bills to pay. The key to making a successful recovery are generally the same, the correct medic ...
2. Australian Medical Statistics
   Cancer In Australia, 40 new cases of Cancer is diagnosed every hour or 350,000 cases per year. [1] In women the most common form and the single largest killer within the age range of 25 – 60 is Breast Cancer. Breast cancer takers the lives of 7 women each and everyday. Breast Cancer is t ...
3. Business Interruption
   Have you considered what the impact would be of an unforeseen event on your business’ income and/or profitability? Many businesses fail to recover from a major event such as fire, storm or earthquake as overheads (such as wages and rent) continue even though the business may be unable t ...
4. Underwriting - The Process
   Many of the articles listed on this website refer to the process of underwriting, But what does underwriting mean. Underwriting is the process by which an Insurer will determine if an applicant for cover is a suitable risk based on their guidelines. In layman’s terms, this is the pr ...
5. Trauma Cover for the over 65s
   Customers can now take out Trauma cover up to the age of 70 that will pay them a lump sum when any one of over 40 illnesses is first diagnosed by their own doctor. This cover will remain in force until the age of 75 in comparison to the majority of Insurers who limit cover to 65. Whilst T ...
6. Trauma Cover. What is it and why have it?
   We all know of someone who has been suddenly diagnosed with Cancer or a serious medical condition, had a heart attack or stroke. It could be a neighbour, a friend, a work colleague or even a family member. When it does happen it makes all of us realise just how precious life is. Many peo ...
7. Loadings and Exclusions. What do they mean?
   With the aging Australian population Life Insurers are beginning to take a much closer look at the medical history of applicants for Life Insurance. Problems can also arise from the younger generations being more involved in sporting activities. Where the Life Insurance Companies are advised ...
8. Life Insurance. How would you cope?
   Recent research into the use of Life Insurance to help you in a time of serious illness has unearthed some concerning opinions. In a survey, completed by Tower Life, respondents where asked how they would cope from a financial perspective, should the unthinkable occur. In only 14% of cases peop ...
9. Childrens Trauma - When the unthinkable happens
   Why would you want to insure your child against a serious illness, injury or even death? Sounds morbid doesn’t it? Not really. Wouldn’t you want to ensure that you could take time off to care for your child and also have some extra funds to pay for any medical bills? Many Life In ...
10. The Real Benefit of Income Cover
    A newly self employed Roof Tiler from the Southern Highlands took out Income Protection for himself early this year. His intention was to provide the necessary insurance to allow him to work on construction sites. One week later he learnt the benefit of income protection….. On a day off ...
11. Takeover Terms
    Just because you have a had a change in your medical history doesn’t mean you cant move to a new insurer to get a better product. Generally speaking if you have had a change in your medical history it is not recommended to move to another insurance company. The insurer can if they choo ...
12. Life Insurance - How Much is Enough?
    Whenever people talk about insurance the one question that is invariably asked is how much insurance is enough? Obviously, the answer to this question is different for everyone but there are several key concepts to consider. Some things that you would need to ask are: What is the purpose o ...
13. Income Protection for Pilots and Air Crew - Medical Requirements
    As part of the application process for Income Protection all major insurers within Australia have a standard set of medical requirements that must be provided with each application. As a result of the unique risks effecting Pilots and Flight Attendants there are several additional requirements ...
14. Working whilst on Income Protection
    Whilst most of us hope that we never need to make a claim for income protection most of us will need to make a claim at some point in our lives and if you are self employed an injury or illness could be disastrous for your business even if your income is paid. Two Insurance companies offer a ...
15. Watch out for the pitfalls with life insurance
    If you have responsibilities such as a family or a mortgage, a life insurance policy could mean a lot less heartache should anything happen to you. Life insurance comes in different forms, including death cover, total and permanent disability, income protection and critical and serious ill ...
16. Life Insurance & Definitions
    When people think about select a policy for Life Insurance, Trauma Insurance or Income Protection a few points usually spring to mind. These are: The level of cover required, the price of the cover and how the company is. However the most important consideration is usually overlooked: the po ...
17. Income Protection for Professionals
    As the baby boomer generation reaches retirement age many are electing to stay in the work force beyond the age of 65. One of the leading life insurance companies in Australia, ING, has recognized this and seized the opportunity to provide a tailored solution to there needs. ING, in keeping ...
18. Income Protection vs. Sickness and Accident Insurance
    The insurance industry has become increasingly more complex over the past two decades. A perfect example of the changes that have occurred can be seen in the comparison of Income Protection with Sickness Accident Insurance. Sickness & Accident Insurance provides up to 75% of your monthly gros ...
19. Insurance Cover for Commercial Pilots
    Pyrah Insurance Group is excited to announce we are able to assist Commercial Pilots and Flight Engineers with all your insurance needs. We have negotiated with two leading life insurers to offer Income Protection, Life, Trauma and Total and Permanent Disability to Commercial Pilots who meet th ...
20. Income Protection & Employment
    Many people operate on the misconception that because they are employed there income will continue if they cannot work due to a serious illness. In the majority of cases this is not the case. The reality is that for people over 40 years of age 80% of disabilities are as a result of an illness. ...