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The fact that the definitions of medical conditions within life insurance contracts are sometimes different from the definitions used within the medical field has caused life insurers to come under a lot of scrutiny in recent times.

A large part of consumer’s suspicion when it comes to life insurance stems from the nation-wide lack of understanding about the industry. In fact, a survey of 1000+ people by finder.com.au showed that only 20% of people understand their life insurance policy.

So, what are the biggest myths when it comes to life insurance definitions?

In 2016, with so much health advice constantly circulating and ready to be plucked out of cyberspace with a thumb and a smartphone, it can be difficult to know what to believe. Often, it seems like you can “scientifically” justify any health and fitness choice as long as you search hard enough for the right information.

 In this article, we shed a little light on some of the most common misconceptions about health. From old wives tales that have mutated into ill-informed Facebook posts, to the latest fitness fads, we’re debunking nine of the most pervasive myths of 2016

Are you in the market for a life insurance policy?

Looking for life insurance sure can seem daunting and we know how hard it can be to find the right policy for a good price, but getting covered and protecting your loved ones won’t be so tough if you’re well prepared.

By learning a little bit about what life insurance is all about and how it applies to your situation, you will be well equipped to compare all the options out there and find the policy that is right for you.

It can be hard finding time in our busy lives to take care of ourselves. Between keeping up with work, friends, family and our usual day-to-day tasks, it’s easy to forget about booking in regular checkups with our GP. 

While it may seem that all is well, you never know if there may be an underlying health condition you’re unaware of. So by making sure you have a routine checkup, any health issues can be picked up on and treated before they become a bigger, more serious problem.

Let’s face it: your health is something you should never put off. It really is worthwhile making that effort to ensure you have a clean bill of health.

As an alternative to buying life insurance through a provider or adviser, many Australians choose instead to hold their insurance cover through their superannuation fund. While this is a viable option and can offer policyholders some great benefits, the majority of people simply accept this default cover without actually looking into whether it’s the right option for them.  

In fact, according to CommInsure’s 2012 Life Insurance Survey, 65% of Australians settle for the default level of life insurance in their super funds – most likely because of its automatic inclusion.

With so many expenses to worry about in our day-to-day lives, the cost of death is usually the last thing on our minds. But it’s still a very important topic we all need to consider.

Death in Australia can be expensive and the cost your loved ones are likely to pay will vary greatly depending on a number of factors including how they died, how old they are and the financial situation they were in before passing away.

In this article, we’ll discover how much it costs to die in Australia and consider these costs compared to the price paid for life insurance policies.

Have you confidently submitted all of your life insurance paperwork after going through the hassle of blood tests, medical exams and questionnaires, only to be hit with an application denial?

Insurance companies deny applications for many reasons, from pre-existing health concerns through to having a dangerous occupation or a hazardous recreational lifestyle.

However, many people who have their life insurance application rejected are left wondering where they went wrong.

If you’re unsure why you haven’t got the nod of approval, scroll through our list of the 14 most common reasons why insurers deny life insurance applications.

Everybody knows the main reason you purchase life insurance is to provide a lump sum of money to maintain your family’s wellbeing when you die.

 Many people don’t realise, however, the true extent of the good this payment can do, and the multitude of problems it can solve – both before and after you pass away.

Below are the top four ways that purchasing a life insurance policy can actually make you a better person.

Is your work, TV, or smartphone taking precedence over your shut-eye night after night?

 Many people worry about their diet, exercise regime or alcohol consumption without considering at all how sleep deprivation affects their health. Not having enough sleep attacks the biological functions at the heart of physical and mental health. In fact, countless studies and reviews of these studies have all shown sleep deprivation lead to an early grave.

What is sleep deprivation doing to your body? How much sleep do really need? What are the signs that you're over-tired? How can you get better sleep? Read on to find out.

For most people, their ability to earn an income is their greatest asset. And yet, while we don’t think twice about insuring our car or our house, Map My Plan’s 2015 Financial Fitness report shows that less than a quarter of working Australians are insuring their income.

The question is: why?

For the most part, it’s probably because they’re simply not aware of the facts about income protection insurance and the significant benefits it provides. But another, more alarming reason is the myriad of myths and misunderstandings surrounding this particular type of life insurance.