The graph above shows the most popular areas in Sydney where Sicnkess and medical is needed, these areas are important to acquire life insurance if you are from them.
Source: Health Statistics New South Wales
If you are a high income earner life insurance is a must have to protect your family. An example of a high income earner can be seen below by a millionaires bank statement where he left the bank statement in a cafe.
Some interesting research out today showing how people died 100 years ago compared with today, 100 years ago some of the top killers were, this only emphasises how important getting life insurance cover is.
100 years ago popular killers were:
- Cerebrovascular disease
- Heart Disease
- Gastrointestinal Infections
- Pneumia and influensa
Today two of the biggest skillers were Heart Disease and Cancer.
See graphic below for more information.
Image Source: Centre for Disease Control and Prevention
An overview of few good payday loan services in Australia
One of the easiest ways to borrow some money in a moment notice is by getting payday loans. The amounts that are borrowed are usually not more than 600 dollars. Regardless the circumstances of your situation that you have found in most of the payday loans providers will approve your money for use within the first 24 hours. Considering that there are plenty of such lenders how you could find the one that suits you the most. Well, if you live somewhere in Australia these are some of the lenders that are considered as the best according the vast majority of the people that have used their services.
- With the Cash Doctors you can get up to $600 within 60 minutes once you apply for the loan. Your first cash advance will cost you only one cent, but the second fee will cost you $45. As far as the third and every other loan you will make it will cost you $30. The great thing about this service is that you can apply for it and get it 24/7, there is always someone to submit your request, no paper work is required, there is no need for meeting face to face and you can go over the same process over and over. The downside is that you get to pay $30 fee every time you make a loan.
- Cash 2Go are one of the well-known payday loans services. The great thing about them is that they would give you a loan even though you have a bad credit. The downside is that you need to be at least 18 years old to get a loan with them.
- Purple payday loans are in the same league as the ones mentioned earlier services. They good side is the all process is completed easily, they are very friendly, no hidden charges and you get the money the same day. As far as disadvantages their APR is bit too high and you need to be making at least $1500 to qualify for a loan.
- Dollar Direct payday loans are mainly known because they can lend up to $2,000. It is an amount of money that can be rarely matched by other loan services. The downside is that you get to pay them $25 for every $100 that you borrow from them
- Oz loan are also a reputable loan service. They all process takes only few minutes and you can easily get your money the same day. The disadvantage is that you can`t get a loan with this guys if you don’t have a steady income.
Guest post provided by Money Buddy Australia: http://www.moneybuddy.com.au/payday-loans
It is that time of year where every one is letting their hair down and partying. Yet it is also important to remember to cover yourself for the un expected over the Christmas period. Making sure you are secure with a life insurance plan is a must have for this time of year.
What are the benefits of life insurance over XMAS?
- Family security.
- Security for your kids and wife.
- Professional assistance.
- Optional plans for you.
So this Christmas be sure to put life insurance under the tree for a loved one.
Life Insurance Australia
Life insurance cover in Australia is very important, as it provides an individual and his or her relatives with financial assistance, in the event that the individual is seriously injured or dies. As a result of the current state of the economy in Australia and other parts of the world, it is becoming even more important for families to obtain life insurance policies. Additionally, due to the increases in credit card loans, standard of living and mortgage costs, all families need to take the step to get insured; this will provide them with the support they need in cases of death or serious injury. Life insurance is particularly important for those families that have dependent children.
Australia has a very big life insurance market, and over the past few years it has continued to grow steadily. A study was carried out by the Tower Australia, and it showed that the life insurance market will grow more than 18% by the year 2018. Even though the market continues to grow, there are still a number of persons in Australia that do not have life insurance cover. The primary reason for this is that these people do not receive the correct financial advice, as most of them have been using superannuation funds to take out life insurance policies with the hope that this is adequate enough.
It should be known that superannuation funds are just considered retirement schemes, which only provide support to his or her dependents when he or she dies or becomes ill. Life insurance cover via superannuation funds is less complicated and a more affordable; however, it does not provide most persons with the amount of life insurance cover that they need.
There is an advantage of having this type of insurance, and it is that persons are able to pay their premium via pre-tax dollars; per contra, this is not inclusive of other types of insurance. Additionally, obtaining life insurance cover via superannuation does not require one to get medical checkups; as such, more persons are attracted to getting this type of insurance. There is a lot of waiting that is involved with superannuation benefits, and this is because of the complex rules that are associated with these benefits. For instance, it is not guaranteed that the beneficiary of the life insurance policy will receive benefits, is no binding beneficiary nomination exists.
Many of the persons in Australia fail to get life insurance cover because of the expense and paperwork that is involved. However, once a person is able to get the right financial advice, they will see how beneficial it is to have life insurance cover.
Recent research conducted by Investor Trending has shown that in the 2011 period so far Life Insurance premiums have been taken in by over 30% more consumers in comparison to premiums in prior year on year data. This shows that Australia consumers are now looking to have life insurance over.
Other key findings fro the research were the following:
- Risk advice for life insurance is up.
- Life insurance cover rates up by around 30% in comparison to 2009 data.
- Custom life insurance packages on the rise in comparison to package deal life insurance.
- Workers in the mining industry are taking up life insurance at one of the highest industry levels.
Overall some very interesting findings on Life Insurance Cover in Australia.
Recently a lot of people have been asking who is a popular Life Insurance brand in the market who are the customers actually out in the market search for?
We have conducted a bit of research on some of the most popular life insurance brands in the Australian market:
The research reviewed the following companies in the Australian market -
- Real Life insurance
- AMP life insurance
- MediBank Life Insurance
- Allianz Life insurance
- ANZ life insurance
- We had the remove several other large companies such as Xlife and Commonwealth as the demand was lower for these two specific brands in the Life Insurance area.
The research indicated that currently the most popular Life Insurance brand is Real Insurance – Life Insurance.
Please post your comments, we will have more research soon.