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Insights - K Partners

A common misconception about insurance is that you only have to take out a policy once and forget about it. And while that certainly is an option, it could expose you to the risk of slipping through gaps in your insurance coverage that you didn't account for. In contrast, making an effort to frequently review your insurance policies allows you to evaluate whether your present coverage is sufficient or if other insurance products cater to your evolving needs. This ensures that both you and your loved ones are adequately protected if the worst were to occur. With that in mind,..
Accidents and illnesses can occur at any time - but for skilled tradespeople, who frequently work in dangerous environments, they're more likely to occur than for other professionals. Whether it's working with power tools and machinery or at great heights, or around large, fast-moving vehicles or handling hazardous materials, the risk of injury and/or illness is ever-present. With this in mind, it's important for tradies to consider how they'd be able to afford their monthly outgoings, and, where applicable, support their family, in the event they became seriously injured or ill – and unable to work. In this post, we..
Trauma insurance, or critical illness insurance, offers vital financial support during life-altering health events. It ensures you're covered when facing significant medical challenges, providing a lump sum payment to alleviate the financial strain of recovery. What is trauma insurance? Trauma insurance, also called critical illness insurance, gives you a one-time payment if you have a major illness or injury. It is intended to help you cover your living expenses while you recover from your illness or injury, as well as costs associated with your rehabilitation, such as medical bills, therapy, etc. There are generally no restrictions on what you can..
While several variables help determine the cost of your life insurance policy, perhaps none has a bigger effect than age.  This post examines the factors that influence life insurance cost by age and why this is the case. How do life insurance rates by age in AU work? Life insurance rates refer to the cost of a life insurance policy. Life insurance rates are mainly determined by two factors:       Your personal circumstances       The type of premiums you opt for The personal circumstances that determine your life insurance rates include:   Age: quite simply, the..
How will you earn an income if you're afflicted with an injury or illness that leaves you unable to work for an extended period? In this post, we look at income protection policies for sole traders and how they safeguard your income if you get hurt or sick.
Let's take a look at self-employed income protection and why you should take out this type of insurance policy if you're one of Australia's 2.2 million self-employed people.