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What is the difference between health and life insurance?

Both health and life insurance can seem complicated. We look at the differences  in benefits and the value of having the protection of both. 

What is health insurance?

Health Insurance is a personal insurance that helps cover the costs of medical and surgical care. The right health insurance product can protect you against a range of medical costs and surgical expenses. This might include emergency requirements – like stays in private hospitals, ambulance services and time spent in intensive care – or more everyday health expenses, like optical, dental or chiropractor appointments.

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Protecting Your Super Legislation and Mailout

 Protecting Your Super package

Recently, the Federal Government introduced the Protecting Your Super legislation, designed (in theory) to ensure that members of Super funds(particularly those with low balances) are not paying for insurance cover that they do not know about or premiums that inappropriately diminish their retirement savings over time.

The biggest risk is that people who don’t hold Life insurance benefits elsewhere and don’t respond will lose the only insurance cover they have.

Applying for the cover again once this is cancelled will result in a application process in most circumstances which could become an issue if you have pre-existing medical problems.

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How much does it cost to raise a child in Australia?

Raising a child will provide you with countless experiences that money can’t buy. But it is still an expensive business. Here’s your guide to the likely cost of raising a child in Australia as sometimes it is hard to stop and think how much does it cost to raise a child in Australia.

With over 300,000 babies born in Australia every year according to the Australian Institute of Health and Welfare, more and more families are adapting to life with little ones. We run through a few of the big milestones to help you calculate the likely cost of kids.i

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Workers Compensation vs Income Protection

Workers Compensation will cover you for some things, but have you also considered Income Protection to ensure you are covered when you need it most?

Whether you’re a white-collar worker hammering away at your keyboard from 9 to 5, or a tradie getting your hands dirty day-in and day-out, you run the risk of getting sick or injured at work.

That’s why every Australian workplace has health and safety obligations: they must provide safe work premises, assess risk and have workers compensation insurance.

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The Financial Survival guide to Divorce

Let’s face it- ‘Happily ever after’ doesn’t always work out and when it doesn’t, what you are left with if not planned out properly is a mess.

Divorce is something that the Australian Bureau of Statistics says affects a number of Australians every year with the below information:

Key points for 2017 include:

  • The number of divorces granted increased by 2,428 (5.2%) in 2017 and the crude divorce rate increased from 1.9 divorces per 1,000 estimated resident population in 2016 to 2.0 divorces per 1,000 estimated resident population in 2017.
  • The median age at divorce for both males and females was unchanged in 2017. For males the median age at divorce was 45.5 years of age and the median age of females was 42.9 years of age.
  • The median duration from marriage to divorce in 2017 also remained stable at 12.0 years.
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7 ways to invest in your future

One fact of life is certain, we don’t stay young forever so we must invest in ourselves. As we grow older, everyday tasks can become tiresome; we suffer inevitable aches and pains and often have difficulty remembering things. But the ageing process should be seen as a privilege. We have retirement to look forward to, access to good healthcare and the opportunity to spend more time with the people we love. To ensure we’re able to enjoy a long and happy retirement, it’s important to plan for this future..

Here are 7 ways to plan for what’s ahead:

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    Regional Sales Manager | Special Education Teacher

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  • I found Ronald to be very knowledgeable about all aspect of finance and being very helpful in overseeing my finances and making sure that I will live comfortably for quite a few years to come. his friendly nature comes from deep down and his clients are treated like family. I will not be afraid of recommending Ronald to all my relatives and friends.

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