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7 Questions to Ask About Life Insurance

7 Questions to Ask About Life Insurance

Life insurance has been in the headlines a lot lately from companies charging thousands of deceased customers for policies to pressure selling cover to persons of limited mental capacity. If the headlines have you questioning your life insurance, we say it’s a good thing because when it comes to life insurance, you shouldn’t buy life insurance and then forget about it. Here are 7 simple ... read more>
Why One Size Fits All Isn't Good Enough

Why One Size Fits All Isn't Good Enough

The set it and forget it mindset is convenient and almost a knee jerk reaction in this day and age. Most of us automatically pay our bills, especially those that are fixed price bills and some even like having our life insurance automatically paid for through our superannuation. When you sign up for superannuation, life insurance is automatically turned on for you. This is known as “defa... read more>
2 Common Pitfalls to Avoid When Buying Life Insurance

2 Common Pitfalls to Avoid When Buying Life Insurance

Knowing and understanding life insurance is hard. For example: what is fully underwritten versus not underwritten life cover? Is it better to use the brand you see being advertised on your favourite show? Is it better to use a brand that doesn’t require a health check? The questions go on and on. FiftyUp Club is here to make sure you avoid these common pitfalls when buying life insurance: ... read more>
3 Reasons to Review Your Life Insurance Policy

3 Reasons to Review Your Life Insurance Policy

You have life insurance, but do you know what it does for you? No? Life insurance also known as term life insurance pays out a lump sum of money to your family or other beneficiaries on your death or on diagnosis of a terminal illness. Now you’re probably asking, when does it pay out? Your life insurance will pay out in the event of your death or on the diagnosis of a terminal illness. ... read more>
Understanding Fully Underwritten vs Not Underwritten Life Insurance

Understanding Fully Underwritten vs Not Underwritten Life Insurance

Did you know that not all Direct Life Insurance policies are the same? Most are not "fully underwritten” which means they only provide limited, “one-size-fits-all” cover. As they aren’t “fully underwritten’’ upfront, there’s also far less certainty of a quick payout should a claim situation arise. Here's the difference in a nutshell: Ready to face your life insurance premium li... read more>