About Jack R Hobbs - Principal Financial Adviser

Not all life insurance policies are underwritten, but because some are it is important to understand what it means. Underwriting is a term used by life insurers to describe the process of assessing risk, ensuring that the cost of the cover is proportionate to the risks faced by the individual concerned. People with the same ... Read more

If your insurance policy sits within your superannuation fund it has implications on your claims process. Any insurance within super must comply with the trust deed as well as the policy conditions and legislation. Essentially, the process of a claim is more complex and potentially restrictive. Talk to a financial ... Read more

From ASIC How much extra money you should contribute to your super depends on what you’ll need to live off once you retire. The amount of super you need depends on many variables. This might include: How long you live What type of lifestyle you want What makes you happy Future medical costs There are ... Read more

Claim time is when your insurance policy really proves itself. After all, it’s when the financial back-up plan you put in place ‘just in case’ has to kick in to provide financial security to you and your family. If you do have to make a claim, your circumstances at the time are not likely to be great, so Monash Group has Claims ... Read more

Put simply, life insurance provides the financial means to preserve your way of life, or that of your family, in the event of an accident, serious illness or even death. We don’t like to think about ‘worst case scenarios’ but taking some time to consider the risks and having a contingency plan is like carrying an umbrella – ... Read more

The cost of insurance is called the ‘premium’. It is calculated based on the amount of cover you want, and the risks associated with the asset you want to cover. You can usually pay this premium monthly, half yearly or annually. Some factors can impact the cost of the premium – like the age of the asset you wish to protect, ... Read more

The purpose of Trauma Insurance is to keep your life on track if you are struck with a sudden, debilitating illness; many policies allow you to set your own levels of cover so it’s worth thinking about how much you need. ... Read more

There is no set rule for estimating your Total and Permanent Disability Insurance needs. Here you should bear in mind that this type of cover is usually an inexpensive add on to Life Insurance and for that reason may automatically be set at the same amount. Nevertheless, you should consider how much insurance you would need to ... Read more