There aren’t many things left to invent in the way of communication and business hardware, but I have come across something which is nothing less than remarkable which has changed the way I, and many of my clients do business.
Not many people know, but if a director has personal guarantees on a loan, the financiers have a clause in the majority of contracts that if that director dies, they will call on the full amount of that loan immediately!
Keyperson insurance is a simple Life Insurance cover for the business. This is why you MUST have it in place.
With so many ads on television and some other professionals offering a ‘No-Advice’ solution to your life and income insurance enquiry, you need to know what you are getting.
Firstly, you need to know that there is two insurance industries: A General Insurance Industry & a Life Insurance Industry.
Life Insurance companies normally only offer Life Insurance, [...]
I know from working in an office environment for the past 11 years that once the lunchtime luxury has passed, and heading into the home stretch toward the full time bell, there is that ‘in-between’ part which hits you like Tyson right hook and leaves you drowsy for the rest of the afternoon. This little number usually appears around 2:30-3pm and just doesn’t go away.
Australians need to look at long-term saving options that sit outside superannuation if they are to have enough money to maintain their current lifestyle in retirement, according to investment group IOOF Research
One major reason why many Australians don’t have adequate insurance is that it can be sometimes unaffordable. With more and more pressure on families and incomes to reach commitments, life insurance and income protection are usually the last thing we think about paying.
In recent times, the governement has somewhat softened it’s approach to superannuation and [...]
The December and January period is normally a slow time for small-to-medium sized businesses, with most customers on holidays, suppliers operating on skeleton staff and budgets on hold. Here are five tips for surviving the Christmas slowdown.
The two names generally mean the same thing, but when you are ’shopping around’ for insurance that will cover you if you are unable to work, you may be in for some surprises if you take the wrong one. I’ll outline as simple as possible the differences to save you the dramas at claim time.
There [...]
Income Protection, otherwise known as Sickness & Accident Insurance, or wages insurance, pays you a benefit (up to 75% of your gross income) for a period of time selected by you at time of application.
These policies are made up of three things:
1) Insured Amount: Up to 75% of your gross salary (if employed) is covered [...]
Keyman or Keyperson insurance is essential for anyone involved in a business with more than 1 partner (silent or otherwise), or has a ‘Key’ employee.
Keyman essentially pays a benefit if the Key Person in the business died or became disabled and left the business for a prolonged period of time.
The purpose of keyman insurance is [...]