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2013 Federal Budget Update

WealthProtect's insight:

The 2013 Federal Budget only contained a few surprises as many of the measures had already been announced. This short video summarizes the key points.

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Life Risk Claims Top $4 Billion | riskinfo » News

Life Risk Claims Top $4 Billion | riskinfo » News | WealthProtect News Selection | Scoop.it

With thanks to the risk store, it advises the top claim events across the four major life insurance categories are:

Death: CancerTPD: Musculo skeletalTrauma: CancerIncome Protection: Musculo skeletal
WealthProtect's insight:

The ‘usual suspects’ feature in the top claims causes and highlights the need for both Critical Illness (Trauma) and Permanent Disability (TPD) insurance within a life insurance portfolio.

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Superannuation changes to hit 16,000 top earners - ABC News (Australian Broadcasting Corporation)

Superannuation changes to hit 16,000 top earners - ABC News (Australian Broadcasting Corporation) | WealthProtect News Selection | Scoop.it
The Federal Government announces much-anticipated changes to the superannuation tax system that it says will affect about 16,000 of Australia's highest earners.
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How to Be Fascinating

How to Be Fascinating | WealthProtect News Selection | Scoop.it
Knowing how to fascinate another person is vital for your success — in business and relationships. Here are 6 ways you can be more fascinating, starting now.
WealthProtect's insight:

Another fascinating interview from Marie :-)

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Super Reforms May Put Aussies’ Insurance at Risk | riskinfo » News

Super Reforms May Put Aussies’ Insurance at Risk | riskinfo » News | WealthProtect News Selection | Scoop.it

Mr Fox also highlighted that women were at a greater risk of losing cover, because of the nature of their work cycles. He pointed out that women often hold part-time jobs, and move in and out of the workforce over time to have children, which could mean they hold multiple super accounts and are not aware of the balance of those funds and/or what they stand to lose in the way of insurance benefits.

 

WealthProtect's insight:

Worth a read to understand the definition of inactive and uncontactable.  Most people with multiple superannuation accounts fall in one or the other category.

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