When we think about life insurance or trauma cover, it’s easy to assume we won’t need to claim on those policies until we’re much older. But recent data from AIA Australia shows that the reality is quite different: the average claimant age for trauma cover is surprisingly young, and you're more likely to make a Trauma claim in your 50s. 

Life insurance is all about providing that financial cushion for you and your loved ones during the toughest times, but there’s a big question: will you or your beneficiaries need to pay tax on those life insurance payouts? It’s an important aspect of financial planning. If you pass away or can’t work, your benefit payment could be a lifeline. Whether your benefit will be taxed varies depending on the insurance type and circumstances. Let’s break it down.

Life's full of surprises, mate – some good, some not so much. That's why understanding your insurance options is crucial. Considering your options? Well, you might have stumbled upon health insurance and life insurance. Today, we're breaking down both types of cover, highlighting their differences, and exploring how they can complement each other.

Ever thought about what would happen if you got sick and couldn't clock in at work? How would you pay your bills? And let's say it's not just a little flu, but a serious, life-changing illness. Would you be able to cover the medical expenses?

Aussies are a tough bunch. We like to think of ourselves as being able to handle anything that comes our way. But the truth is, sometimes life throws us a curveball—which brings me to this next point about trauma insurance.

What exactly does "life insurance" entail anyway? Let’s get down to business as I try to explain the basics of what it is, how it works, the different types of policies available, and some of the frequently asked questions about it.