We’ve all been there. Nine questions deep into a life insurance questionnaire, with no end in sight, the will to continue is waning and your favourite social media feed is waiting in the tab next door. You quit.
Over the last few days, we’ve read about what the 2018 Federal Budget will mean for all types of Aussies.
Savvy online shoppers can add a life insurance policy to their Kogan shopping lists after the popular online retailer extended its reach into the insurance space yesterday.
That’s exactly what’s happening in the US right now with major insurer, John Hancock offering its life insurance customers the chance to run, lift, swim or cycle their way to a $25 ($32 AUD) Apple Watch.
The Australian life insurance industry has received yet more bad news as data released yesterday by the Australian Prudential Regulation Authority revealed profits across the industry decreased by 18.5% for the year to March.
While over 80% of Australian parents are worried about protecting their families in the event of death or injury, more than a third are opting out of acquiring life insurance because of high prices according to the Real Insurance Family Protection survey.
Australian regulatory bodies APRA and ASIC have begun the pilot phase of a new project which is set to make it simpler for Aussies to compare life insurance companies.
Life insurance companies are rethinking the way people apply for policies, and may someday begin using selfies to determine eligibility, reported abcnews.
After less than three years Coles has withdrawn from the life insurance market, having pulled its policies off the shelf earlier this year.
The Australian Securities and Investments Commission (ASIC) has criticised banks with in-house financial advisors for favouring their own life insurance products to the detriment of consumers.