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.
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Over the last few days, we’ve read about what the 2018 Federal Budget will mean for all types of Aussies.
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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.
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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.
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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.
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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.
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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.
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Life insurance companies are rethinking the way people apply for policies, and may someday begin using selfies to determine eligibility, reported abcnews.
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After less than three years Coles has withdrawn from the life insurance market, having pulled its policies off the shelf earlier this year.
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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.
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