Life Insurance for Tradies

When you think about dangerous occupations, tradies don�t exactly spring to mind.

But according to Safework Australia, labourers and related workers had the highest incidence rates of work-related injury � nearly three times the rate of all occupations ¹.

Add in the likelihood of diseases like cancer, many tradies are playing a dangerous game without life insurance and are risking their most important tool of the trade.

Workers� Compensation can provide some cover for workers. But it can be a long wait for benefits and it doesn�t cover things that aren�t work-related, like cancer and heart disease � which can often be even more devastating financially for a family.

That�s where life insurance can fill the void.

What is life insurance?

Life insurance encompasses a number of different types of insurance covers, including life cover, income protection cover, total and permanent disability (TPD) cover, and trauma cover.

� Life cover pays a lump sum if you die or are diagnosed with a terminal illness. The lump sum can be used to meet final expenses, pay off the family mortgage so that your family isn�t left without a home, fund future child education fees and set aside money to meet your family�s ongoing living needs.

� Income protection cover pays up to 80% of your income if you can�t work because of sickness or injury. This money is essential in helping to meet your ongoing living needs, including meeting your mortgage repayments, when you are ill.

� TPD cover pays a lump sum if you are totally and permanently disabled. The payout provides a funding mechanism to repay debts, pay medical bills and modifications to your home and motor vehicle as well as meet lifetime living costs.

� Trauma cover pays a lump sum if you are seriously injured in an accident, or if you are diagnosed with one of a number of serious medical conditions, like cancer and heart attack. The proceeds can be used to meet medical treatment costs as well as provide financial support in a time where a spouse may wish to take time off work to nurture their ill partner.

If you run a business, you can also take out business expense insurance � helping you cover fixed business costs like rent, electricity and some employee salaries (often excludes income producing employees).

With so many different types of life insurance available, it�s important to discuss your own insurance needs with a financial adviser.

How much does life insurance cost?

Premiums vary depending on the product and a range other factors.

There are also a number of tax concessions associated with life insurance.

For starters, you may be able to hold your life and TPD insurance cover inside super. This means you can use your pre-tax salary to pay your premiums.

Another benefit specific to income protection and business expense insurance is that the premiums are generally tax deductible.

1 �Key Work Health and Safety Statistics Australia, 2010�
Safework Australia

As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances and speak to your financial adviser.

This material is not intended to constitute personal advice, and must not be relied on as such. This information has been prepared without taking into account your objectives, financial circumstances or needs. Before making a decision based on this material, you should consider the appropriateness of this material having regard to your own objectives financial circumstances and needs. You should consider obtaining independent advice before making any decision.

Learn More About Auto Insurance And How It Works

Auto insurance is a legal requirement if you wish to operate a vehicle. While some policies may seem expensive, picking the kind of coverage you need and considering your budget can help you pick something affordable. Read this article for tips on how to choose the right auto insurance policy.

When you are shopping for auto insurance, it is always a good idea to get at least three quotes before you make a decision. By doing so, you ensure that you have found the best deal for you. Compare rates and what each company has to offer such as roadside assistance.

You can also get some substantial discounts on your auto insurance policy premium if you have an "insurance friendly occupation". Insurance companies watch occupation statistics very closely and if they know that workers in certain occupations tend to incur fewer losses, then they might be inclined to offer a special rate for them.

Purchasing a smaller vehicle is actually a great way to save on automobile insurance. Larger SUVs might have some great safety features, but if we're talking about all-around savings, the smaller your automobile, the less you're ultimately, going to pay for insurance.

Whenever possible, avoid filing and submitting minor claims to your vehicle insurance provider. Unfortunately, increased reliance upon insurance services directly translates to significant increases in monthly rates. Consider filing claims only if you are unable to cover the cost of repairs, and if failure to have repairs creates an unsafe driving condition.

If you are shopping for auto insurance, check around. Compare rates and coverage options available to you. Be sure you have your vehicle information, your driving record if you've had accidents or tickets, as well as what you use your car for and how many miles you drive. All of these are factors to finding the right insurance for the right price.

If you are purchasing car insurance on a new vehicle on which there will be a lien, you should be aware that you must, by law, have full coverage. In this case, you may even want to reconsider your new car purchase because full coverage is significantly more expensive than liability alone.

Auto insurance companies take into consideration what type of vehicle you are want to insure. By watching trends and their own experience, a company may decide to charge you a higher premium. You need to know that sport cars and luxury SUV's usually have the most expensive premiums.

Choosing the right insurance agency is key to getting the best deal in auto insurance. You will want to call around and compare rates for all auto insurance agencies where you live or even online. They also have tools online where you can compare rates to find the best for you.

If you get into a car crash or other accident, it is too late to use insurance to cover costs to repair your vehicle. To avoid the illegal practice of driving without insurance, check out multiple policies and pick one you can afford. Remember these tips when looking for auto insurance.

Make The Most Out Of Your Auto Insurance Policy With These Tips

Whether you are new to the insurance world, wanting to combine your policies or shopping for better rates or coverage, you probably have some questions. Here you will find lots of helpful information that will make it fast and easy to learn more about the often, confusing world of auto insurance.

Not every part of growing old is pain: Once you reach 50, you are entitled to a discount on your car insurance. Insurance companies are well-aware that senior drivers are, statistically, the safest on the road. Almost every insurer offers discounts for drivers between the ages of 50 and 70. If you are in this bracket, make sure you get the discount due to you.

Make sure that you take unnecessary drivers off of your automobile insurance policy. If there is someone on your policy that does not drive one of your vehicles any more, let your insurance company know right away. This change will reduce the amount of money you pay in insurance rates each month.

If you are looking to save money with auto insurance, you should think about going down to one car. Ask yourself if you really need two cars. Can you share with your husband or wife? Can you walk places you normally drive? You can save a lot of money this way.

Find ways to reduce your daily commute. See if you can carpool, drop one car altogether, or switch jobs to one that is closer to home. Can you do some of your job duties from your home office? The fewer miles you drive, the less you will need to pay in car insurance.

Increasing your automobile insurance deductibles can end up saving you considerable amounts of money. Chances are that in the long run, you'll end up saving more per month by having a higher deductible than you'll save by having a low deductible when it comes time to make a claim.

Learn what the best auto policy is for you by researching on your own. Don't expect the insurance company employee to tell you. An employee can help guide you through policies, but might not have in mind what is best for you. Depending on what type of commission plan an agent receives, the employee may be steering you toward policies that are in the best interest of the employee's paycheck.

As expensive as adding your teen driver to your auto insurance policy can be, it may be worth it in the long run, as it will help him or her to begin building up a good credit report. If they maintain a safe driving record, this history of insured good driving will give them a better rate when they reach adulthood and are purchasing car insurance of their own.

The information you have read, should give you the confidence so that you will be able to go out and make the right choice for your auto insurance needs. Now you should better be able to understand coverage, find affordable rates, keep your family safe and be prepared for any losses that may occur.

Need To Purchase Auto Insurance? Check Out These Ideas!

"�Piece of mind' is the thought behind insurance. Sometimes it goes beyond that. The law may require a certain amount of coverage to avoid penalties. This is true of auto insurance. How can you make a wise decision regarding car insurance? Read the following article for some handy tips to do just that!

Decide whether or not it is worth it to make a claim. If your deductible is not much less than the amount of damage to your car, it probably isn't worth it to make a claim with your insurance company. What you will recoup probably isn't worth the increase in premiums that you will experience.

Do not forgo getting an auto insurance policy if you have a car. Yes, it is more insurance that you have to buy. Yes, it costs money. Yes, you have to shop around and research different companies and policies, but this work can save you lots of money and even your car.

Whenever possible, include your spouse on your automobile policy as a named insured driver. It is quite common for insurers to view married couples as more stable and a better risk than single drivers. Therefore, you are likely to receive a healthy discount on a policy that covers both husband and wife.

To protect your auto insurance rate after an accident or ticket that you are contesting, be sure to notify your insurance provider that you are going to contest the ticket(s) in court. Because insurance providers often increase rates as soon as they learn of an infraction, it is up to you you to notify them if a ticket is later reversed.

When working with insurance companies over the telephone to receive quotes, keep your driver's license information, vehicle information and current policy handy. Many companies require information from these sources to provide an accurate quote and having them handy speeds the process up for you and ensures you are providing accurate information to the insurance carrier.

Every state has minimum requirements each driver must meet for liability insurance. Most people sign up for this minimum coverage, usually to save money. This may not be the best idea, depending on the state in which you live. Some states set their minimum requirements too low, and if you were to actually cause an accident you might find yourself under insured, which puts your home, savings and other assets in jeopardy. Review your coverage and make sure you buy enough liability insurance to protect your family and your assets.

A lot of people have speeding and parking tickets that they're not even aware of until they attempt to get a new auto insurance policy. To avoid this money trap, be sure to check with your local state office to receive a copy of your full driving record. This will let you know if there are any unpaid tickets you need to handle.

Now that you have read the above article, apply the tips that work best in your situation. Understandably, a wise decision regarding auto insurance is not as ease as it may seem. Do your homework! It will be worth the effort. Not only will you have "�piece of mind' you will also be doing what the law requires. Good for you!

Save Money On Car Insurance By Following This Great Advice

You want information about auto insurance and you would like to have it in a easy to understand format. If this is the case, this article will be perfect for you. We will lay out some of the most important tips and guidelines in a way that you can quickly digest.

If you must travel by car for business, try not to use your personal vehicle. Most auto insurers will charge an additional fee on top of your premium for business use. However, do make sure you tell your insurance company if your car is used for business, so that you are covered in case of an accident.

Find out if you can get a discount on your car insurance rates if you have not made any claims during the last 3 years. Some insurance companies will give you a special discount because you are believed to be less of a risk, due to no recent insurance claims.

Look for multi-car discounts where ever you can get them. If your teen just started driving, you will save money by putting their car on your policy. Newly married? Get quotes from each insurer for a new combined policy and go with the best company that gives you the best features for your money.

With auto insurance, the lower your deductible rate is, the more you have to pay out of pocket when you get into an accident. A great way to save money on your auto insurance is to opt to pay a higher deductible rate. This means the insurance company has to pay out less when you're involved in an accident, and thus your monthly premiums will go down.

An important auto insurance tip is to always review your driving record prior to seeking price quotes on a new policy. By knowing how many tickets and points are on your state record at any given time, you will be able estimate the impact they are likely to have on the cost of your coverage.

Did you know that it isn't only your car that affects the price of your insurance? Insurance companies analyze the history of your car, yes, but they also run some checks on you, the driver! Price can be affected by many factors including gender, age, and even past driving incidents.

Trying to save money on car insurance? If you are, then a good way to lower your premiums is to increase your car insurance deductible. However, don't raise the deductible so high that you wouldn't be able to pay the claim should one arise. To prepare for the unexpected, be sure to set money aside in a savings account and try not to use it for anything else.

In conclusion, we have provided you some of the most crucial aspects regarding auto insurance. We hope that you not only were able to learn something, but also will be able to apply it. Follow our advice and you will be one step closer to being an expert in this subject.

Save Yourself Some Headaches With These Tips On Auto Insurance

Auto insurance will help pay your bills if you get into an accident. It will help pay for your car and also the other car involved if it was your fault that the accident happened. If the accident was not your fault, the other driver involved in the accident will have to have their insurance pay. You can see why it is so important to have auto insurance, and here are some tips to get you started picking the right policy.

If you own a small business requiring the use of company automobiles, vans, or trucks; business auto coverage is a must. Business auto insurance coverage can usually be added to a business insurance package made available by insurance companies. If you or your employers are driving company vehicles, it is critical that you are covered in case one of them gets into an accident.

Finding a good auto insurance policy is much easier than it used to be. There are so many great online references to use to learn about the different kinds of coverages that are required in your state. You can then use the internet to compare multiple companies' rates on the type of coverage that you need.

If you have memberships in any organizations, it would be to your advantage to ask your carrier if they offer discounts to members of these organizations. Doing so could help you save even more money on your insurance premiums. For example, some companies may offer discounts to state employees or members of auto clubs. It never hurts to ask!

Many auto insurance firms offer discounts for a wide variety of reasons. For example, many companies offer discounts for installing new safety and security features on your car. Looking into these types of discounts can definitely be doubly beneficial as they not only reduce the cost of your auto insurance but are also generally good for you regardless.

Your teenage driver's insurance will cost you much more than yours for a while, but if they took any formalized driving instruction, be sure to mention it when shopping for a quote or adding them to your policy. Discounts are frequently available for driving instruction, but you can get even bigger discounts if your teen took a defensive driving class or other specialized driving instruction course.

When endeavoring to lower the cost of your current auto insurance policy, try to decrease your commute as much as possible, if switching to just one car is not an option. You can also try working closer to home, or work at home as much as possible. Doing this will lower your policy.

With many insurance companies, teenagers have to pay more for auto insurance. This is because they are considered to be high risk drivers. In order to make auto insurance more affordable for teenagers, it may be wise to put them on the same insurance as a more experienced drive, such as their mother or father.

From the explanation of auto insurance given in this article, you can see why it is so important for everyone to have auto insurance, You have been given great advice about how to get auto insurance, and now it is time for you to put this information into action and purchase the coverage for your needs.

Know What Car Insurance Information That You Should Know

Insuring your automobile can be a complicated and frustrating matter. There are so many confusing options and scenarios to consider that you really need some guidance in finding the right coverage for your vehicle and your needs. Read on for some great ideas on how to go about navigating your way through the red tape and paperwork and finding the best auto insurance for you!

Be sure to understand the terminology used in your car insurance policy. Even when you talk to your agent, he will be talking about things like comprehensive, collision, and liability. Make sure that you understand what is meant by all of this, this way you will be able to ask all the questions you may have and understand the answers that you will be getting.

If you drive a newer model vehicle, be sure to review the policy details closely to see how the company handles repairs in the case of a claim. Some companies include verbiage indicating that after-market parts may be used for repairs. If you have a newer vehicle and want to ensure factory parts are used in repairs, you may want to consider a different carrier.

If you are aiming to lower your auto insurance premiums, then a basic tip is to avoid any accidents from occurring! Yes, this is pretty obvious, but it does wonders for lowering your premiums. Some ways you can be a safer driver include: driving at or below the speed limit; stopping at stop signs; and using turn signals.

Stay far away from vehicles with the word "sport" included on them. Anything that goes fast is viewed negatively by insurance companies, as these can influence drivers to take more risks, which in turn costs them more money. Steer clear of sporty vehicles unless you want your premiums to get higher.

If you have a shiny new car, you won't want to drive around with the evidence of a fender bender. So your auto insurance on a new car should include collision insurance as well. That way, your car will stay looking good longer. However, do you really care about that fender bender if you're driving an old beater? Since states only require liability insurance, and since collision is expensive, once your car gets to the "I don't care that much how it looks, just how it drives" stage, drop the collision and your auto insurance payment will go down dramatically.

Saving money on auto insurance doesn't always happen as soon as you sign your policy. One of the best ways to save is to stick with the company for a few years while proving you are a safe driver. As your driving record remains unblemished, your monthly premiums will start to go down. You could save hundreds each year that you avoid an accident.

Hopefully this article has provided you with some useful tips you can take into the process of obtaining auto insurance and come out on top. With so many variables and types of coverage, it's a wonder any of us ever find ourselves the right insurance, but with a little investigating and the helpful advice you have read here, you can get the best cover at the right price.