Russell Cain
Russell is the founder and CEO of Life Insurance Direct and has been quoted in The Sydney Morning Herald, The Age, Independent Financial Adviser, Risk Adviser, Adviservoice, and Insurancenews. Russell has over 15 years’ experience in the Australian life insurance & financial services sector and is instrumental in driving the latest innovations in our insuretech platform.
Insurance for Homemakers with No Income
There’s a myth that only the breadwinner of the house needs life insurance. But what if the stay-at-home spouse were to pass away or become seriously ill or injured?
Reviewing Your Life Insurance as Your Life Changes
It’s great that you have some form of life insurance to protect you and your loved ones should you pass away or be unable to work due to an illness or injury. However, your policy may no longer meet your requirements.
8 Top Tips for Finding the Cheapest Life Insurance in Australia
As an Australian who needs life insurance for your family, you know the right cover is paramount to protecting and providing for them. But the costs of this type of insurance can be very high, especially when you aren’t sure what you should be looking for. However, there are ways to lower your premiums without compromising on value.
TPD vs Income Protection: Which One Should You Choose
Not being able to return to work because of an accident or illness could have devastating consequences. While sick leave and workers compensation might provide some relief, Total and Permanent Disability cover and income protection insurance will generally alleviate most of your financial burden.
Is Income Protecting Tax Deductible in Australia?
Income protection insurance premiums in Australia are generally tax deductible when held outside of your super fund. The amount you can claim depends on your assessable income and your marginal tax rate. If you take this after-tax deduction into account, your income protection cost might be significantly less than the original premium you paid.
Life Insurance for SMSF
When setting up your Self-Managed Super Fund, you are the trustee and thus responsible for everything that happens within the fund. You are legally required to show how you considered life insurance coverage for the fund’s members. You must have documented proof demonstrating what your decision was based on and how it suits the members’ requirements.
Tax On Life Insurance in 2024
More and more Australians are turning to life insurance to provide their loved ones with financial security should they pass away, or leave them with an inheritance.
Compare Top Seniors Life Insurance in Australia 2025
Many seniors and retirees often rely solely on funeral plans, which cover basic end-of-life expenses. However, these plans may not provide sufficient financial security for those who still have dependents relying on their support or who may face significant costs related to illnesses or injuries. In such cases, life insurance can be a valuable option, offering broader coverage to help manage these financial responsibilities and ensure peace of mind for both the policyholder and their loved ones.
Is It Legal to Have Multiple Life Insurance Policies in 2024?
One of the most common questions people ask about multiple life insurance policies is whether it’s legal. Yes, it is legal to have more than one life insurance policy in Australia. You can purchase as many policies as you like, if it’s justified, and you fully inform all insurers of your existing coverage.