Concerns about how life insurance deals with genetic testing are deterring people from getting important tests. Even the industry welcomes government intervention.
Hundreds of thousands of workers continue to be owed super – and it could have more dire consequences than having less money in retirement.
Cherelle Bailey is one of a growing number of Australians facing long delays to claim death benefits and insurance from super funds.
Three insurance firms have been penalised for using “high-pressure tactics” and a former managing director banned from managing corporations for five years.
The regulator says HCF Life’s policies suggest a consumer could be denied coverage for a pre-existing condition even if they didn’t know they had it when taking out cover.
You must examine your situation and ask yourself how your family would get on if you died,became disabled or came down with a critical illness.
The corporate watchdog is telling life insurers to review their systems for paying out claims,after past failures led to thousands of people being underpaid benefits.
The watchdog has raised concerns that insurers may have been unnecessarily putting customers who are making mental health claims under surveillance.
The financial advice sector is calling for commission payments for life insurance to be maintained,despite conflict of interest concerns.
Advocacy groups have urged whoever wins next month’s election to financially support Indigenous people left without coverage after a funeral insurer collapsed.
Pam K symbolises an army of silent victims who were sold inappropriate financial products in the bad old days of banking scandals and commissions.