Life insurance news and advice

According to a recently released survey by KPMG and the Financial Services Council, life insurance claims related to mental health increased by a whopping 53% between 2013 and 2018. This new research is very timely, given that a large number of people across the country have just spent months inside due to the Coronavirus pandemic.

Life insurance through your superannuation now requires certain members to opt-in.

There’s been a fair bit of news to digest of late, so we don’t blame you if you missed a recent change in the life insurance industry.

With the Coronavirus (COVID-19) declared a global pandemic by the World Health Organisation and the situation evolving daily in Australia, now is the time to do some important prep work.

Would you be able to cover the repayments on your home loan if your spouse or dependant passed away or became ill? 

The number of Australians taking out a life insurance policy has dropped by 9% in the last two  years, with cost issues proving the largest roadblock in the decision by many households not to take out cover. 

Picking the right life insurance policy is a good way to make sure a difficult time isn’t made worse and your family’s finances aren’t thrown into turmoil if you or your partner suddenly pass away.

On Thursday 19th September the government passed legislation making super life insurance premiums available on an opt-in basis, for Aussies under 25 or with less than $6,000 in their super fund.

Life’s too precious to take shortcuts when it comes to life insurance, so taking the time to find the right policy is an absolute must. Finding the right policy for you and your family can be daunting, which is why we’re pleased to announce the 2019 Mozo Experts Choice Awards for Life Insurance.

In exciting news for Australians shopping around for a first class income protection insurance policy, Mozo has just unveiled its inaugural 2019 Mozo Experts Choice Life Insurance Awards!