Subscribe to RSSFowler's Group Blog
It Could Be Financially Rewarding To Review Your Policies Every Now and Then
I have said it before, please ensure you take your Life Insurance policies out of the bottom draw and schedule a regular review if you don’t do this already. If the only reason is to refresh your memory as to why you took out the cover in the first place than that is a good thing. The [...]
Bookies Finally Lose, While Cat Beats Brokers
Given the self-important and often overpaid nature of the finance industry, each week often throws up at least one irony. Just recently, there were two. Firstly, APRA released the rates of return for Australia’s 200 largest superannuation funds. The number one fund over the past five years was the Challenger Retirement Fund, while over nine [...]
Job Application
This is an article that was sent to me a while ago and I’ve come across it again. It tells a great story and puts into perspective the job that insurance actually does. Please consider this application for a job. Although I’m a big, healthy man and will do a man’s work, I ask only [...]
Insurance Premiums Are Not Going Up!
We have all received our Home & Contents policy renewal notices over the last 6 months, and have been smashed with a 50% to 100% rise in premium over the last year. From an Advisor’s point of view we have had numerous conversations with clients talking about insurance company’s hiking up the rates on all insurances. The fact is, [...]
The ‘R’ Word
For Seinfeld’s George Costanza, finding creative ways to get fired was practically an art form. In the real world though, facing redundancy can be an uncertain if not frightening experience. In Queensland, the big ‘R’ word is ringing loudly as the State Government looks to reduce its number of employees by almost 7%. 10,600 redundancies [...]
Finding the right balance for you
Many aspects of life require careful consideration and balancing of the tradeoffs that arise from competing demands. For example, a common lifestyle tradeoff is working longer hours versus spending more time with your family. The competing demands within this decision are the income necessary to provide a suitable quality of life for your family versus the immeasurable [...]
How much is enough?
The Victorian Bushfires of 2009 tragically killed 173 people, destroyed 1853 properties and cost in excess of $1.5 billion. The General Insurance Industry (Property Insurers) paid out $1.1 billion in claims. Statistics of this event from a major insurance company with both a Life and a General Insurance arm displayed some alarming results. General Insurance Claims (multiple) [...]
Do you really know what you are covered for?
I pose this question as I had two separate appointments the other day when in both meetings the issue of “what are you covered for?” arose. Meeting (1) involved a person who thought they had their business shed covered for $500,000. The shed was subsequently ‘blown down’ and the result was that a claim was paid by [...]
Insurance companies paying out more … you’ve got to be joking!
Believe it or not and I know this is against popular belief BUT insurance companies are actually making it easier to claim on their policies. The last 3 to 5 years have shown vast improvements to policy definitions and rates. If we look at Trauma insurance and claiming for breast cancer for example, generally a [...]
Did you pick the winner of the Cup?
With the Spring Carnival at an end I thought it would be appropriate to reflect on the similarities between the hype surrounding horse racing and the investment world. Have you ever noticed how gamblers always tell you about their big wins, but tend to keep their even bigger losses close to their chests? People who seek to [...]
