Life Insurance Online :: Articles

Life Insurance Online Articles

Life Insurance Online recommends the following articles which we hope you find of interest.

Simply click on the article title to read the entire content.

Life Insurance Articles

Covering the Unexpected: A Guide to Trauma Insurance for Australian Families
Covering the Unexpected: A Guide to Trauma Insurance for Australian Families
Trauma insurance, also known as critical illness insurance, is a type of coverage that provides a lump sum payment in the event that the insured suffers from a critical illness or injury. Unlike health insurance, which covers medical expenses, trauma insurance is designed to provide financial protection by helping to cover the additional costs associated with recovery from a severe illness or injury. - read more
Single or Married: How Life Insurance Needs Vary Across Different Life Stages
Single or Married: How Life Insurance Needs Vary Across Different Life Stages
Life insurance is a financial product that provides a lump sum payment to your beneficiaries in the event of your death. It is designed to offer financial security by covering debts, daily living expenses, and future financial obligations. - read more
Understanding Your Insurance Needs at Every Life Stage
Understanding Your Insurance Needs at Every Life Stage
Navigating the complex world of insurance can often feel daunting, but understanding the importance of life stage consideration when choosing life insurance is essential. As we journey through the various chapters of our lives, our financial responsibilities, dependents, and personal circumstances evolve. These changes invariably have significant implications for our insurance needs. - read more
How Much Life Insurance Does Your Family Actually Need?
How Much Life Insurance Does Your Family Actually Need?
Financial security for families is an essential consideration in any household. Life can be unpredictable, and ensuring that your loved ones are protected from financial hardship in your absence is a critical part of financial planning. - read more
The Single Parent’s Guide to Securing Your Child’s Financial Future
The Single Parent’s Guide to Securing Your Child’s Financial Future
Single parenting brings with it a mosaic of responsibilities and challenges, not least of which is securing a stable financial future for your child. The rollercoaster of raising a child alone often means that planning for the future can take a back seat to the day-to-day demands of parenting. Unexpected illnesses and injuries can compound these challenges, causing stress to multiply and plans to go awry. - read more

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Follow us!

We are a proud member of the Financial Services Online network!

Connect with us on your favourite social media platform for the latest financial news, views, resources and information.


Insurance News

Australian Life Insurers Under Review for Mental Health Disclosure Practices
Australian Life Insurers Under Review for Mental Health Disclosure Practices
17 Apr 2026: Paige Estritori
Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have highlighted ongoing concerns regarding how Australian life insurers manage applications involving mental health disclosures. The committee's review indicates that while some insurers assess applicants individually, others continue to apply broad exclusions or rigid underwriting rules, potentially disadvantaging those with mental health histories. - read more
APRA and ASIC Review Life Insurance Premium Practices Amid Policyholder Concerns
APRA and ASIC Review Life Insurance Premium Practices Amid Policyholder Concerns
17 Apr 2026: Paige Estritori
The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have jointly reviewed life insurers' premium practices, focusing on the frequency and magnitude of premium increases. This initiative responds to policyholder concerns about unexpected and substantial premium hikes that may not align with initial policy terms or reasonable expectations. - read more
Australian Life Insurers Advocate for Evolution of Code of Practice to Meet Consumer Needs
Australian Life Insurers Advocate for Evolution of Code of Practice to Meet Consumer Needs
17 Apr 2026: Paige Estritori
Australian life insurers are advocating for the evolution of the Life Insurance Code of Practice to keep pace with regulatory changes and shifting consumer expectations. The Council of Australian Life Insurers (CALI) has emphasised the importance of the code in maintaining trust between insurers and the Australians they protect. - read more
Australia Enacts Ban on Genetic Discrimination in Life Insurance
Australia Enacts Ban on Genetic Discrimination in Life Insurance
17 Apr 2026: Paige Estritori
In a landmark move, Australia has passed legislation prohibiting life insurers from using individuals' genetic test results in their underwriting processes. This reform aims to eliminate genetic discrimination, thereby encouraging more Australians to undergo potentially life-saving genetic testing without fear of insurance repercussions. - read more
Interim Review Urges Mental Health Coverage Reforms in Life Insurance
Interim Review Urges Mental Health Coverage Reforms in Life Insurance
17 Apr 2026: Paige Estritori
A recent interim report reviewing Australia's Life Insurance Code of Practice has raised concerns about the industry's approach to mental health coverage. The report suggests that proposed changes by life insurers may represent a regression from existing commitments, potentially undermining support for individuals with mental health conditions. - read more

Knowledgebase
Reinsurance:
Insurance that an insurance company purchases from another insurance company to mitigate risk.