Author: Jeffrey Liu

Stay in control of your financial future by reviewing your superannuation regularly When was the last time you checked your superannuation account? If you’re unsure where your last super statement is, or can’t remember your login details, you’re not alone. In fact, research commissioned by the Australian Retirement Trust reveals that four in five Australians don’t know how much they’re contributing to their retirement savings. Yet, financial experts agree—regularly checking your super can help you stay on track for a secure retirement and avoid unpleasant surprises. 1. Review your super annually—like a car service According to finance and economics consultant Pauline…

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How to protect your cover—and your future—during uncertain times In today’s rapidly changing job market, no role is 100% secure. Whether you’ve recently been made redundant or you’re concerned about potential layoffs, it’s important to know how losing your job might affect your private health insurance, and what steps you can take to protect yourself. ✅ Key Takeaways 1. Redundancy Insurance: Your First Line of Defence If you’re the primary income earner in your household, redundancy insurance (unemployment cover) can offer crucial protection. Although relatively new in Australia, more insurers are now offering this benefit due to increased demand and market…

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Client Profile Age: 50 years old Occupation: Professional with management experience Condition: Major Depressive Disorder, Anxiety, and complex PTSD Claim Type: Any Occupation TPD Benefit Amount: $2,800,000.00 Case Background A 50-year-old professional, was diagnosed with severe psychological conditions that significantly impacted her ability to work. Despite being certified unfit for work in August 2020, she persevered until September 2020 when her condition made continued employment impossible. The client’s policy included an “Any Occupation TPD” definition, requiring evidence that she would be unlikely to ever engage in any occupation suited to her education, training, or experience that could generate at least 25% of her pre-disability income.…

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Client Profile Name: John Occupation: Real estate business owner Insurance Type: Life Insurance (with Terminal Illness Benefit) Sum Insured: AUD $1,000,000 Claim Amount Paid: AUD $1,000,000 Case Background In early 2018, John, a successful real estate business owner, took out a life insurance policy with a sum insured of $1,000,000. As a husband and father to young children, John’s main motivation was to protect his loved ones in case anything unexpected happened to him. Medical Evidence In 2020, John was diagnosed with cancer. His treating specialist issued a report confirming that, based on the progression of the disease and available treatments, John was estimated to…

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Client Profile Name: Mr MM Occupation prior to disability: Full-time Boilermaker Superannuation Fund: Oasis Superannuation Master Trust – Personal Division Insurance Provider: Zurich Insurance Type: Total and Permanent Disablement (TPD) under Group Life Plan Claim Amount Paid: $34,000 Case Background Mr. MM joined the Oasis Superannuation Master Trust Employer Division on 30 August 2002 through his employer ABC and held one unit of life insurance cover. In March 2003, he transitioned into the Personal Division after ceasing employment with the sponsoring employer. His insurance cover officially ceased on 29 March 2014 when his superannuation balance was transferred to the Australian Taxation Office (ATO). He ceased working…

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Client Profile Name: Anil Occupation: Self-employed IT contractor Insurance Type: Zurich 3-in-1 Active Cover (Trauma Insurance with multiple claim capability) Initial Sum Insured: AUD $1,000,000 Claim Amounts Paid: Case Background As a self-employed IT engineer, Anil understood the financial risks of facing a major illness without employer sick leave or income protection. To safeguard against this, he chose the Zurich 3-in-1 Active Cover — a trauma insurance solution designed for those seeking not only income support during critical health events but also help with out-of-pocket medical costs. This policy allows for multiple claims across different health events, making it ideal for long-term protection. Medical Evidence…

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What You Need to Know The Australian superannuation landscape will undergo several important changes from July 1, 2025. These changes will affect employers, employees, and retirees across the country. Here’s what you need to know about the upcoming superannuation reforms. Superannuation Guarantee Reaches Target 12% From July 1, 2025, the Superannuation Guarantee (SG) rate will increase from 11.5% to 12%. This marks the final step in the government’s long-term plan to boost retirement savings for all working Australians. Employers must contribute this minimum percentage of an employee’s ordinary time earnings to their superannuation fund. If your employment agreement specifies a…

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In life’s most challenging moments, a well-designed insurance plan provides value far beyond mere financial compensation. It represents a professional system standing ready to protect you when you need it most. As a team of professional insurance advisors, we understand the true essence of protection plans. Today, we analyze Australian insurance market data to reveal the genuine value of insurance coverage. The Real Impact of Insurance Claims In 2023 alone, Zurich Insurance—just one of Australia’s insurance providers—paid over AUD 830 million in life insurance claims to 7,456 customers. Behind these figures are real stories: families who have lost loved ones,…

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In Australia, approximately 12 million people rely on the default insurance provided through their superannuation funds for financial protection. While this coverage may seem convenient, a concerning investigation by ABC News has revealed significant challenges faced by policyholders when making claims. This article examines these issues and highlights why retail life insurance offers superior protection and peace of mind. When Default Super Insurance Falls Short: Real-Life Stories According to an investigative report published by ABC News in August 2018, many Australians have encountered serious difficulties when attempting to claim on their default superannuation insurance policies. John Grayson’s Battle with Loopholes…

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When applying for insurance coverage, there’s often a gap between submitting your application and receiving approval for your formal policy. During this critical period, you may wonder: “Am I protected if something happens while my application is being processed?” This is where interim insurance comes into play, providing vital temporary protection during the underwriting process. What is Interim Insurance? Interim insurance (also known as temporary or provisional cover) is a short-term protection automatically provided by many insurers while they assess your formal policy application. This coverage begins immediately after you submit a complete application and initial payment information, offering peace…

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