Insurance Articles

Insurance is a very important aspect of life. At Rate Detective we provide you with informative articles from the world of insurance.

Life Insurance The taboo topic you're too scared to talk about... Well, we need to talk
If you're in your early forties and you haven't taken out a life insurance policy, statistically you could be gambling against the odds. In 2014, AIA Australia, one of Australia's leading life insurance providers paid out nearly HALF A BILLION DOLLARS in life insurance claims.
Life Insurance AIA Vitality Program
The AIA Vitality Program, which was introduced in 2014, is aimed at rewarding healthy customers by providing a discount on insurance as well as other cool discounts on non-insurance related products. The program was launched after a successful trail in South Africa where it was concluded that Vitality members who actively use the program live longer and have lower health care costs than non-vitality members.
Life Insurance TAL introduces Health Sense
TAL has launched Health Sense which provides an incentive for people who are healthy to sign up for insurance through TAL by applying a discount on cover for those with a body mass index (BMI) of between 19 and 28. The discount can be up to 15% of insurance premiums, depending how many policies you take out.
Life Insurance and HIV/AIDS
In the past if you were a HIV carrier then it was close to impossible to secure life insurance. However, in recent times improvements in medication, and a better understanding of the long timer implications of the virus, has allowed insurance companies to offer cover in some circumstances with a loading depending on the progression of the disease. .
Income Protection What you should be covered for with income protection
Of all the types of insurance available income protection (IP) is one of the most important. What it attempts to secure is the income a breadwinner is bringing in while they are hopefully recovering from a medical condition or accident that prevents them from working.
Life Insurance Do you need life insurance? The Facts.
It’s an interesting question isn’t it, I mean common sense say’s it’s not a bad idea. But at what age do you take out life insurance and what do you base your decision to start a policy on; your health and pre-existing conditions or known statistics on when and how people die?
What is a true level premium?
Stepped premiums can be seductive because they often start off low for someone in their twenties, but of course have a major impact on expenses later in life, often when we are less able to afford the increases. Generally speaking, if you hold a policy for more than 10 years, there can be significant savings by starting with a level policy from the outset.
You've made a successful insurance claim, now what?
In this continuing series on claims we’re now going to look at how modern insurance companies handle the post claim process. For our example we’ll use one of Australia’s leading insurance companies, AIA Australia who in 2014 paid out $860 million dollars in claims.
Giving you the best chance of having your claim approved
The vast majority of claims are of course paid out on but there are a percentage that, for one reason or another are not. In this continuing series on the ins and outs of insurance claims we’re looking at statistics supplied by AIA Australia, one of this country’s largest insurance companies. What we’re seeking to do is inform people on how to avoid having a claim rejected by their insurance company.
Trauma Cover What should your crisis recovery policy cover you for?
In this continued series of articles I’ve been looking at various types of insurance cover and what medical conditions or accidents you should make sure you’re insured for. In this article I look at Crisis Recovery/Trauma Insurance.
TPD Insurance What should you be covered for with TPD?
It’s a big question isn’t it, maybe the biggest when you’re looking at taking out a TPD (Total and Permanent Disability) insurance policy.
Income Protection Football Income Protection - Standard Rates
MLC is the only insurer on the market to now accept amateur footballers from all codes at standard insurance premiums, on a 30 day minimum wait. This means that whether you enjoy playing AFL, Rubgy Union, Rugby League or Soccer, you can enjoy the peace of mind of coverage, but without the 25% loading that used to apply.
Income Protection Needle-stick protection Income Protection
Imagine the worst happens. You’re performing a routine venipuncture, something you’ve done regularly over the past 15 years of your career as a medical practitioner. But, this time, as you withdraw the needle from the patient, their arm slaps against yours and the needle cuts through the latex and into your finger.
Younger generations increase life insurance cover in the face of uncertain times
Single-person households, and younger generations have increased life insurance cover in today’s uncertain times, according to the TAL Financial Protection Index.
Life Insurance Statistics on Claim Payouts
Something that’s front of mind for many people taking out insurance is, in the event of me making a claim, will my insurance company pay out? This can be the cause of much consternation for many people as through the years many of us have heard stories of people who for one reason or another made claims that were disqualified.
Income Protection The three tiers of income protection - how do they work for you?
Over past few years many insurers have moved to a ‘three tier approach’ to income protection, using three broad definitions of total and partial disability: Duties, hours, and income.
Income Protection Virgin Income Protection Insurance, Direct Insurers
Let’s face it, applying for income protection - or any form of insurance - is unlikely to be the highlight of your week, and we all want the process to be over as quickly as possible. Many direct insurers offer this simplicity, with policies such as those advertised with ‘on-the-spot’cover, no questions asked. The appeal of speedy coverage is obvious, but policies such as these do come with limitations, and it is important to weigh up your options before settling on a policy that is right for you.
Life Insurance MLC ‘Best Doctor’ Program
If you take out any policy with MLC you, and members of your immediate family, will receive access to this unique medical advice service provided by Best Doctors. This means you won’t have to waste your time (and mental health!) searching for leading specialists, or potential treatments - especially in the minefield of information available these days online.
Life Insurance Affordable Life Insurance
In life we cannot predict what is around the corner. We do whatever we can to mitigate risk, but accidents and illness can still occur, usually taking us by surprise. While you can never safeguard your life completely, it is possible to plan for those left behind should you pass away unexpectedly - and it may not cost as much as you think. Here at Rate Detective affordable life insurance is just a phone call away.
Life Insurance The truth about Trowbridge: Why consumers will pay more post Trowbridge if the ACCC are bypassed
With the Trowbridge report due to be tabled on Thursday, there has been a lot of discussion in the industry on the impact on changes in adviser commission. We are concerned that if the ACCC are bypassed in the process, which has been rumoured if, consumers will end up paying more in the long run for their insurance. This post outlines some of these concerns.

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