life insurance

From Financial Standard:

Investment revenue in the life insurance sector nose dived last year, with latest APRA figures putting the total at $1.63 bn compared to $11.33 bn the previous year.

The Leukemia Foundation of Australia has hosted an annual event since 1998 called the “World’s Greatest Shave” where volunteers donate money to the foundation by shaving, coloring or waxing their hair. The purpose of this event to raise money, support and awareness to the ongoing research of treatments and cures for leukemia, myeloma, lymphoma and other blood cancers. The funds raised will also support families who have loved ones with leukemia and provide those patients with treatment at a hospital as if it were their home.

From Financial Standard:

Clarly AMP has not considered what else could go wrong from the European downgrades and debt crisis.  Read my earlier blog post today here.

From Financial Standard:

What is Christian Financial Planning? When individuals or families are stuck in financial situations where hardship is suffered, it is recommended to seek for alternative financial advice, advice that can be trustworthy, wise and that has very good effects to your own financial well-being.

From Financial Standard:

Financial literacy is a vital part of navigating today’s complex financial world. However, despite the importance of financial literacy, certain socio-economic groups have been consistently left out when it comes to receiving financial advice. Low income clients are a major group which have traditionally been excluded from the advice process. This is partly due to barriers such as cost and access to affordable advice, but also due to issues such as an industry focus on high-net-worth clients.

Mortgage Insurance or Lenders' Mortgage Insurance (also referred to as LMI) is the insurance that a lender takes out in case you, the borrower,  default and they have to sell your property used as a collateral.  

Mortgage insurance is based on a projected shortfall between the debt amount and what lenders think they could get for your property. Mortgage insurance can also be capitalised into the loan. Mortgage brokers usually cannot apply for mortgage insurance contracts.  

 Is your insurance in order?  Do you have an income protection insurance policy sorted before you go on holidays?