The PRWIRE Press Releases https:// 2011-05-16T00:17:00Z Life insurance adviser is a BRW 2011 Fast Starter 2011-05-16T00:17:00Z life-insurance-adviser-is-a-brw-2011-fast-starter-1 xLife, a leading online comparison service for life insurance, is a BRW 2011 Fast Starter for the second year running.Entries for the prestigious award were of high quality, as businesses and entrepreneurs Australia-wide presented the solid business practices required to deliver growth in a downturn exhibiting innovation and resilience. Having moved up a few places since 2010, xLife is still a specialist financial adviser offering free life insurance and income protection insurance comparisons. In the coming month’s xLife will continue their strong focus on free annual policy reviews and claims management; with mid 2011 marking the launch of an exciting new initiative which is set to be an industry first. The new initiative will be formally announced in the near future. xLife’s business has increased rapidly since its inception in 2006, and owner Russell Cain believes the advice offered by its well-trained financial advisers and its exceptional customer service has greatly contributed to its success. “Our advisers always try to find competitive policies which will offer adequate and competitive coverage, no matter what their personal situation may be”. “I think what differentiates us from other advisers is that our advice is easy to understand, and there are no costly upfront fees for a full financial plan. What we offer is a cost effective and simpler personal insurance and superannuation solution for all Australians” For entrepreneurs and start-up businesses to have qualified for the BRW Fast Starter 2011, they must have commenced trading after June 30, 2006; reported at least two fiscal years of revenue; have revenue of more than $500,000 in 2009-10; and have revenue for 2009-10 must be more than in 2008-09. They must also have 200 or fewer full-time employees; more than one main customer; and the bulk of revenue must not come from government grants or other start-up funding. Another condition was that businesses must also be Australian-owned, not be a subsidiary of a multinational; and privately owned companies must have revenue figures verified by an external accountant or auditor. The issue of the magazine will be on sale April 28 2011. For more information contact xLife, info @ xlife.com.au, 1300 135 205. xLife makes the BRW 2011 Fast Starter list. Life insurance adviser is a BRW 2011 Fast Starter 2011-05-16T00:06:00Z life-insurance-adviser-is-a-brw-2011-fast-starter xLife, a leading online comparison service for life insurance, is a BRW 2011 Fast Starter for the second year running. Entries for the prestigious award were of high quality, as businesses and entrepreneurs Australia-wide presented the solid business practices required to deliver growth in a downturn exhibiting innovation and resilience. Having moved up a few places since 2010, xLife is still a specialist financial adviser offering free life insurance and income protection insurance comparisons. In the coming month’s xLife will continue their strong focus on free annual policy reviews and claims management; with mid 2011 marking the launch of an exciting new initiative which is set to be an industry first. The new initiative will be formally announced in the near future. xLife’s business has increased rapidly since its inception in 2006, and owner Russell Cain believes the advice offered by its well-trained financial advisers and its exceptional customer service has greatly contributed to its success. “Our advisers always try to find competitive policies which will offer adequate and competitive coverage, no matter what their personal situation may be”. “I think what differentiates us from other advisers is that our advice is easy to understand, and there are no costly upfront fees for a full financial plan. What we offer is a cost effective and simpler personal insurance and superannuation solution for all Australians” For entrepreneurs and start-up businesses to have qualified for the BRW Fast Starter 2011, they must have commenced trading after June 30, 2006; reported at least two fiscal years of revenue; have revenue of more than $500,000 in 2009-10; and have revenue for 2009-10 must be more than in 2008-09. They must also have 200 or fewer full-time employees; more than one main customer; and the bulk of revenue must not come from government grants or other start-up funding. Another condition was that businesses must also be Australian-owned, not be a subsidiary of a multinational; and privately owned companies must have revenue figures verified by an external accountant or auditor. The issue of the magazine will be on sale April 28 2011. For more information contact xLife, info @ xlife.com.au, 1300 135 205. http://www.xLife.com.au/makes the BRW 2011 Fast Starter list. Funeral Insurance War Tipped To Change With Zurich’s First Risk-free Policy 2011-03-07T23:37:00Z funeral-insurance-war-tipped-to-change-with-zurich-s-first-risk-free-policy If you’ve watched day time T.V. lately it’s hard to escape the funeral insurance ads. The war waging between Real Insurance and Insuranceline for funeral insurance domination has been going on for quite some time. Insuranceline, owned by Tower Insurance, is one of the first companies to sell funeral insurance to Australians. However Real Insurance, backed by South African founded Hollard’s Insurance soon followed with their own funeral insurance offering.Although with Zurich’s new funeral insurance policy the scales are tipped to change with even more competition to benefit consumers. Touted as Australia’s first risk-free funeral insurance policy, it offers full payment of the sum insured, or refunds premiums paid if death is not by accident or suicide within the first 2 years. Zurich’s Funeral Advantage key product offering includes: * No risk – 100% refund of premium paid if death is not by accident or suicide in the first 2 years* Client stops paying premiums once they have reached the sum insured (cumulative payments) * Client receives the full sum insured if death is caused by accident within the first 2 years of the policy only “Zurich’s innovation in the funeral insurance space may be the beginning of even better things to come,” says xLife Director Russell Cain “whether the other major insurers decide to step up or not and increase competition even further, it’s the Australian consumer who is the winner.”If you are interested in Zurich’s funeral insurance or policy please call xLife on 1300 135 205 or visit http://www.xlife.com.au/. What do life insurance claims & bushfires have in common? 2011-01-31T23:57:00Z what-do-life-insurance-claims-amp-bushfires-have-in-common One thing that life insurance claims and bushfires have in common is that you don’t see them coming. Bushfires are unfortunately a part of Australian life; and those who have suffered from the fatal 2009 Black Saturday bushfires will attest to the devastating effects of the bushfire on their lives and those of loved ones. The 2009 bushfire was the worst natural disaster in Australia's history, surpassing the 1983 Ash Wednesday fires. Not only were thousands of homes burnt, but over 200 lives were lost (1). Of the 200 plus lives lost a mere 30 life insurance claims were made to life insurance companies (2). With these small numbers of claims made, only $1 million was paid out in life insurance claims (3). This is not to say that the life insurance companies were unwilling to payout claims, this was far from the truth as insurers are by law mandated to pay claims. The problem lies with the severe underinsurance problem in Australia; not enough of us have personal insurance. Those of us that do have cover tend to fall short of the ideal amount which is usually up to ten times your income, depending on your situation. Australian life insurance companies will pay life insurance claims when the cause of death is bushfire related. What other personal insurance policies can protect you against the effects of bushfires? While life insurance instantly springs to mind, many of us tend to forget about the importance of trauma insurance and total and permanent disability insurance (TPD insurance). For example, (assuming you meet the trauma event definitions), a trauma insurance policy would typically pay a claim in the event of the insured person suffering from severe or major burns, loss of limbs or sight, major head trauma, and the need for intensive care. If you have suffered from severe third degree burns and meet the definition as outlined in your product disclosure statement (PDS), you may be eligible for a trauma insurance payment. If you become totally and permanently disabled and meet a life insurance company’s definition, again you may also be eligible for a TPD insurance payment. Another personal insurance policy which may offer help is income protection insurance. If you were injured due to bushfire related circumstances (such as minor burns, smoke inhalation, falling branches/debris), and needed to take time off from work to recover, income protection insurance can pay up to 75% of your income. Family life insurance & child cover We would also like to remind all Australians that life insurance is not just for the working spouse. You should also look to cover the stay-at-home parent, and if possible your children as well. Just like adult personal insurance policies, Child Cover also typically protects against severe burns, loss of limbs or sight and can help pay for intensive care. How do I make a life insurance claim if all my records are burnt in a bushfire? Life insurance companies have a record of your details on file and will give you a copy of your life insurance policy if you make a request. You will only be required to give your name and your address to do so. If you have been dislocated from your home due to a bushfire, you can also request the life insurance company to send your policy documents to where you are currently staying, such as a friend, family or other temporary residence. Natural disasters like bushfires do not discriminate While we may not be able to avoid devastating natural disasters like bushfires, we can financially protect ourselves and loved ones should the worst happen. Many of us have home and contents insurance, but how many of us have stopped to think about insuring our lives? xLife Director, Russell Cain warns of the risk of leaving your life at the peril of extreme weather. “Don’t leave it too late to organise your life insurance, TPD insurance, and trauma insurance” says Mr Cain, “I urge all Australians to seek financial protection, particularly those in bushfire prone areas.” For more information or to compare life insurance policies for free, please call xLife on 1300 135 205 or visit http://www.xlife.com.au. References:1. www.heraldsun.com.au/news/special-reports/death-toll-by-area/story-e6frf8zo-11111188693072. www.insurancenews.com.au/analysis/simplicity-the-key-to-life-insurance-growth3. www.moneymanagement.com.au/news/understanding-risk-insurance AXA Insurance Offers RACV Members Discounted Life Insurance 2010-12-09T02:02:00Z axa-insurance-offers-racv-members-discounted-life-insurance AXA Insurance has partnered with RACV to offer its members discounted life insurance. A 5% discount will be available for RACV members on AXA Insurance’s Elevate Life Insurance, Trauma Insurance and Total and Permanent Disability (TPD) Insurance. The offer is part of RACV’s ‘Show Your Card & Save’ program, which gives members discounts on a wide variety of goods and services. The discount will not be applied to AXA Insurance’s Elevate Income Insurance products or business expenses insurance. Who can apply for the AXA Insurance discount?The offer is open to current RACV members, including RACV employees, and their partners. The discount will apply if:* the RACV member is the plan owner* the RACV member is the life insured, or* the RACV member’s spouse/life partner is the life insured. How long will the AXA Insurance/RACV discount last?The discount is applied when you first take out the new insurance policy and remains in place for the life of the plan. This means that you can add options to or increase cover for that plan at the discounted rate during the life of the plan. If the your RACV membership lapses or the AXA and RACV relationship ends, the 5 per cent discount may be reduced to zero over a period of time. What about discounts for existing AXA Insurance clients?Existing AXA Insurance clients who take out additional cover as a new plan will be eligible to receive the 5 per cent discount on the new plan. AXA Insurance clients who increase their cover or add options to an existing plan will not be eligible for the discount. If you are a RACV member and would like to apply for the discounted AXA life insurance policy please contact xLife today on 1300 135 205 or visit http://www.xlife.com.au/. Inactive Superannuation Funds To Be Taken By Government 2010-11-15T23:26:00Z inactive-superannuation-funds-to-be-taken-by-government Inactive Superannuation Funds To Be Taken By GovernmentOver $13 billion in inactive or lost superannuation fund accounts may be taken by the federal government unless claimed by owners. Laws were introduced last year so that in October 2010 the government will begin transferring inactive superannuation fund accounts into consolidated revenue. It is estimated that the government will gain around $10 billion over the next five years. Find lost super: 34 million unclaimed superannuation fundsxLife director, Russell Cain said there are currently over 34 million superannuation fund accounts held by 10.5 million working Australians. That’s a whopping 3 super fund accounts per person. “It’s your hard earned money potentially going to the Federal Government,” stated Mr Cain, “get your super sorted before its too late; every dollar towards your super is important”. “Putting money into one fund means less fees, less paperwork, and will stop the government from cashing in on your super”. Compare super fundsA handful of businesses offer to ‘find lost superannuation’ and consolidate your super into one fund. Though how do you decide which super fund to consolidate your monies into? Comparing super funds isn’t easy and believe it or not, there is no such thing as the ‘best super fund’ for everyone! There are so many factors to take into account and not just fees alone, but you can get cost-effective superannuation advice that won’t draw down your fund balance. “We’re a one stop shop for your super and the advice we offer is easy to understand,” explained Mr Cain, Director of xLife, “we can find your super, compare top super funds, and consolidate your monies for you”. “Your paperwork is sorted; we offer basic super advice”. Superannuation search & consolidation tipsWhether you decide to get super advice or not, here are some of Russell’s top super consolidation tips to get you started:•Find out what exit fees apply before consolidating your super – if you have an adviser he or she will tell you what these are, or you can contact your super fund and find out •Double check if you lose any benefits like life insurance on leaving your funds, and if your level of coverage is not enough make alternative arrangements to increase your cover.•It may take your past funds up to 30 days to make the transfer, so don’t be put off! About xLife’s superannuation consolidation servicexLife can help consolidate your superannuation funds. Our fully qualified and experienced Superannuation Advisers can compare Australia’s top superannuation funds taking into consideration your personal situation. We will take care of all the paperwork for you, giving you a fuss-free option in managing your superannuation affairs. Contact us on 1300 135 205 for your free initial appointment or visit us at http://www.xlife.com.au/superannuation/. Life Insurance Competition Tightens with Virgin & Tower Insurance Alliance 2010-09-23T06:00:00Z life-insurance-competition-tightens-with-virgin-and-tower-insurance-alliance Virgin Money and Tower Insurance Australia have both announced today the formation of an alliance to deliver life insurance in Australia. Life insurance policies will be introduced by early 2011, further expanding Virgin Money’s current insurance porfolio. The move by Virgin and Tower Insurance is another step towards the company’s aspirations to offer a wide range of financial services products in Australia. Speaking in Sydney this morning, Matt Baxby, Managing Director of Virgin Money Australia, said:“Our new partnership with TOWER Australia is good news for the insurance sector and better news for Australian consumers. Combining TOWER’s unquestionable reputation and infrastructure with the Virgin brand, we’ll be delivering a straight-talking, great-value product which is what people have come to expect from us.”“I see a lot of opportunity for Virgin Money in this sector given that research shows 95%[1] of families in Australia don’t have adequate insurance cover. Ensuring life insurance is accessible to more Australians will be at the core of our product offering early next year.” ([1]According to Lifewise/NATSEM research in 2010) Jim Minto, Managing Director of TOWER Australia, added:“There is no doubt that Virgin Money will be highly attractive to sections of the Australian community and now, through this partnership, consumers will be able to obtain wealth protection through life insurance in a simple and easy format. It’s a part of our overall plan to ensure greater accessibility of life insurance to everyday Australians and this also fits in with the company’s growth strategy. With TOWER Australia at the forefront of the Australian life insurance market and with Virgin’s brand power – I’m confident this is a winning formula.” Russell Cain, Director of xLife commented on the alliance:“While competitors may not welcome the new partnership between Virgin and Tower Insurance, it’s good news for consumers. More competition means more choice and greater innovation. We’ll certainly be keeping our eyes on the new alliance and the response by the general public.” Virgin Money will lend its brand, innovative approach to product development, customer service and marketing expertise to the alliance, while TOWER Insurance Australia will manufacture the life insurance products and provide the ongoing infrastructure to manage all policies. Life Insurance Adviser Reaches SmartCompany Smart50 2010 2010-09-07T00:48:00Z life-insurance-adviser-reaches-smartcompany-smart50-2010 As one of Australia’s most trusted online life insurance advisors, xLife has again made a notable achievement by being ranked for the SmartCompany Smart50 Award 2010. “This achievement further proves our determination to educate Aussies about the importance of adequate life insurance” stated Russell Cain, Director of xLife, “the figures from Daffodil Day speak for themselves; the average Australian has a one-in-two chance of being diagnosed with cancer by age 85”. “Even with these astounding facts our message is still not getting through, with only an estimated 2.5% of Australians having trauma insurance in place”. “Other countries have a much higher trauma insurance uptake; in the UK 25% of the population have trauma cover, Malaysia 23%, and Singapore 53%”. Mr Cain goes on to explain how the funds from a trauma insurance claim can help pay for costly cancer treatment and also pay for living expenses. It eases financial pressure and allows you to focus on recovery. The SmartCompany Smart50 Awards 2010, sponsored by Westpac, discover and recognise Australia's smartest entrepreneurs who are changing the business landscape. A panel of Australia's best entrepreneurs and experts will judge the winners. Those ranked as Australia’s top 50 smartest entrepreneurs will also go into the running to win the following awards: * Westpac Fastest Growth Award (Rank 1 of the Smart50) * Top Exporter * Top Franchisor * Most Innovative Company “Behind every great business is a dynamic and resourceful team; our achievements to date are a huge reflection of each team member’s dedication” said Mr Cain. While celebrating this impressive milestone, xLife also celebrates its fourth birthday. Growing from strength to strength, xLife’s achievement of reaching the SmartCompany Smart50 listfollows another win being ranked as one of Australia’s BRW 2010 Fast Starters. For more information or for life insurance quotes, contact xLife, info @ xlife.com.au, call us on 1300 135 205 or visit us at http://www.xlife.com.au/.------------------------------------------------------About xLife xLife operates Australia-wide providing a FREE online personal insurance comparison service, allowing you to compare the most competitive quotes for life insurance, income protection insurance and trauma insurance.