Life insurance
Super funds warned over delays in assessing life insurance claims
ASIC believes the scale of alleged failings at $94-billion super fund Cbus are a broader industry issue, and it’s flagged there could be more “enforcement action to follow”.
- by Sumeyya Ilanbey and Clancy Yeates
Latest
Insurers banned from jacking up premiums based on your genes
People who undergo genetic testing for medical purposes will never be obliged to share their results with insurers, and insurers will not be allowed to ask.
- by Natassia Chrysanthos
Louise says genetic testing saved her life. But others are being put off
Concerns about how life insurance deals with genetic testing are deterring people from getting important tests. Even the industry welcomes government intervention.
- by Natassia Chrysanthos
Analysis
Superannuation
Billions of super is going unpaid. Here’s what to check in your account
Hundreds of thousands of workers continue to be owed super – and it could have more dire consequences than having less money in retirement.
- by John Collett
Exclusive
Superannuation
Cherelle’s husband died suddenly. It took a year for her to access his super
Cherelle Bailey is one of a growing number of Australians facing long delays to claim death benefits and insurance from super funds.
- by Caitlin Fitzsimmons
‘Unconscionable conduct’: Insurers hit with $13.5 million fine
Three insurance firms have been penalised for using “high-pressure tactics” and a former managing director banned from managing corporations for five years.
- by Millie Muroi
Opinion
Ask an expert
Should I keep my life insurance once I retire?
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.
- by Noel Whittaker
Exclusive
Banking & finance
ASIC tells life insurers to review systems after thousands underpaid
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.
- by Clancy Yeates
ASIC warns life insurers over ‘unwarranted’ surveillance
The watchdog has raised concerns that insurers may have been unnecessarily putting customers who are making mental health claims under surveillance.
- by Clancy Yeates
AMP calls for cap on life insurance commission payments to be lifted
The financial advice sector is calling for commission payments for life insurance to be maintained, despite conflict of interest concerns.
- by Simone Fox Koob
Leaders urged to help thousands affected by funeral insurer collapse
Advocacy groups have urged whoever wins next month’s election to financially support Indigenous people left without coverage after a funeral insurer collapsed.
- by Cameron Gooley
Original URL: https://www.watoday.com.au/topic/life-insurance-how