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The Value of a Life Insurance Broker
Posted by G. Dean McKinnon
on 11 February 2013
It's getting harder and harder to deal with large corporations such as Life Insurance companies. They sprout-on about what good service they provide, how it's so easy to deal with them, and are quick to tell you if they won an award for their customer service, but quite often they're just too big to provide a personal service.
A client of mine recently discovered that thier Life Insurance premium was deducted twice from thier Credit Card. Fortunately, as I am their Life Ins...
| Posted in:Insurance | 0 Comments |
Borrow to Pay for Your Life Insurance and Save Money
Posted by Dean McKinnon
on 17 October 2012
I completed a Life Insurance Assessment for a client today and, in effect, I recommended that they borrow to pay for their Life Insurance premiums. I calculated that the overall cost to borrow the Annual Premiums, including the Interest, was lower than paying the premiums monthly.
Premium Frequency Loadings: Life Insurance companies usually add a 'premium frequency loading' if you elect to pay the premiums on a Monthly, Quarterly or Half-Yearly basis.
Home Loa...
| Posted in:Why Dean is a LegendInsurance | 0 Comments |
Qsuper Insurance Won't Cover Pre-Existing Medical Conditions
Posted by Dean McKinnon
on 27 September 2012
One of the advantages of having Life Insurances included in your Qsuper Superannuation fund was that you are automatically accepted (up to a certain amount).
If you couldn't obtain cover direct with a Life Insurer, at least you still had some Life Insurance in your Super.
I've just researched Qsuper's latest Life Insurance Benefit Guides (for a comprehensive Financial Plan I am preparing for a client), which confirms that whilst Qsuper automatically provides Death cover...
| Posted in:Why Dean is a LegendSuperannuationInsurance | 0 Comments |
Age Pension Increases on 20 Sept 2012
Posted by Dean McKinnon
on 19 September 2012
The Age Pension Payment is set to increase tomorrow, Thursday, 20 September 2012.
Following are the highlights:
Age Pension Increases | 20 September 2012
Fortnightly Payment
Current Amount
The New Amount
Total Increase
Single
Base Fortnight
695.30
712.00
16.70
Supplement
60.20
60.60
0.40
Total...
| Posted in:Social Security | 0 Comments |
Running Your Business From Home? Avoid CGT
Posted by Dean McKinnon
on 18 September 2012
Most Home Owners are aware that you don't have to pay Capital Gains Tax (CGT) if you sell your main home.
However, you may have to pay CGT on a portion of the sale proceeds, if you run your business from your main home.
The sneaky little trap is that you may have to pay CGT even if you don't claim any of the business's expenses (e.g. portion of electricity, Rates, etc.)!
The Tax Department's 'test' depends on whether or not your were eligible to claim bu...
| Posted in:Tax | 0 Comments |
