What is general insurance? In the introduction to insurance, we covered what insurance is, what is it for, what it is not for, and risk pooling. And we also covered the various types of life insurance for when your ability to generate income is affected from death, disability, and illness. Now we move onto general insurance, which is the range of insurances that are not life insurance or health insurance. For instance, home and contents, … Read on »
The old “12 times income” rule of thumb is a great start, but it misses an important point, which is that as you get older and have more assets to rely on, your insurance needs decrease. Read on to find out more about calculating life insurance needs. Read on »
Life insurance is expensive. Read on to find out the tips to lower the cost of insurance. Read on »
There are important differences between taking out life insurance through super and taking out life insurance outside super. Read on to learn more about group policies vs underwritten policies, restrictions on insurance held through super, who can receive it if you die, and tax consequences. Read on »
Your biggest asset is you and your ability to generate income over the course of your life. If that gets damaged and you don’t have life insurance, you’ll be up the creek without a paddle. Read on to learn more about the types of life insurance and how they work. Read on »
