Most Australians hold some form of life insurance, but many haven't looked at it in years. The latest data shows insurers pay the vast majority of claims. The bigger risk is having the wrong amount of cover, or cover you think you have but don't.
Life Insurance, TPD, Income Protection, Trauma and Business Expenses Cover: What's the Difference?
If you've ever sat down to sort out your personal insurance and come away more confused than when you started, you're not alone. Life insurance, TPD, income protection, trauma cover and business expenses cover all sound similar, but each one plays a very different role in protecting you, your family and your livelihood.
Here's a plain English guide to what each type of cover actually does, and why you might consider it.