Unlike the world we grew up in, children today are born into a far more competitive environment. It is more difficult to get a head start in life, with education and specialisation now critical to job and income security. It’s therefore not surprising that many parents and grandparents want to provide an investment nest egg to give their children and grandchildren a platform to build an … [Read more...]
Are there alternatives to income protection?
February 14, 2014 by ·
Research tells us that 69% of Australians do not own income protection insurance*. This alarming statistic begs the question about what the alternatives are for those people who choose not to insure their income. The first factor to establish when looking at the issue of whether income protection may be worthwhile for your situation is to examine the potential loss that you may face if … [Read more...]
Hall Finance & Insurance Solutions – Early Stage Melanoma a condition covered under the Trauma Plus Option
January 30, 2014 by ·
Slip, slop, slap - Early Stage Melanoma Extra care for the country with the highest incidence of melanoma in the world. With summer well and truly underway, chances are you have been enjoying the great outdoors, especially while on your holiday break. With this in mind, organisations such as Cancer Council Australia have taken the opportunity to remind all Australians that protecting themselves … [Read more...]
10 Year Anniversary for HFI Group of Companies
January 6, 2014 by ·
10 Year Anniversary for HFI Group of Companies Our success and growth from a firm which started with myself and Nadine sitting around the table with zero clients to our present size where we handle in excess of five thousand clients per year is due to a variety of factors. As I look back on things, I think the most significant factor is the people who have touched our lives; some only for a short … [Read more...]
Rising Cost of Claims
October 31, 2013 by ·
Rising cost of claims The amount of paid out to customers who make claims is the biggest single cost of any insurance company.Claims levels across Australia have reached unprecedented levels over the past year as a result of a spate of natural disasters. For example, CGU received 25,000 extra claims over the 2010/2011 summer period alone as result of events including cyclones and floods across … [Read more...]
Trauma cover bridges the protection gap
October 29, 2013 by ·
Many people feel that owning life insurance and income protection provides sufficient financial security against the threat of premature death, sickness or injury. Life insurance provides a lump sum benefit if the worst happens and income protection provides an ongoing monthly benefit if you are unable to work. But is there a financial “blind spot” that may leave you exposed even when these two … [Read more...]
Transition to retirement opportunity – now even better
October 29, 2013 by ·
Are you aged 55 or older and own a superannuation account? Have you considered a transition to retirement strategy to boost your retirement savings? For many, commencing a transition to retirement pension has been a very successful way to enhance superannuation savings for the future and recent changes to super rules have made the strategy even more attractive. From 1 July 2013, those 60 years … [Read more...]
Have you thought about insurance for your kids?
October 29, 2013 by ·
Have you thought about insurance for your kids?The social changes that have occurred over the last 40 years and the economic conditions that we experience today have created a unique situation for 45 to 65 year olds. Caught between the twin pressures of ageing parents and dependent children, they can rightly claim to be the ‘sandwich generation’. They may be better known as baby boomers – that … [Read more...]
Why are insurance premiums rising
September 12, 2013 by ·
Why are premiums rising? It is an indisputable fact that insurance premiums accross Australia are rising. Fundamentally, rising premiums are being driven by a sharp rise in claims volumes, higher claims amounts, and a substantial increase in the costs associated with meeting those claims. Recent weather-related and other natural catastrophes in Australia and in other regions around the … [Read more...]