The Lion Life Insurance Blog

Remember being 14 or 15 in maths class in school?

Your teacher, probably a bit of a gowl, would spend ages explaining the complicated maths on the board, and then he’d ask you if you understood.

You probably didn’t, but you said ‘yes’ anyway because you didn’t want to look like stupid.

Next thing you know, Mr McGowl has asked you to come up to the board to solve an equation for ‘x’. You couldn’t find that ‘x’ if it was inscribed onto your forehead.

And all you can do is go up there and write some crap on the board while Mc Gowl tuts away.

The insurers quite often play this game when they name and explain things.

Even with the best intentions (I’ll let you consider how true that might be), they have a way of explaining things so that you can’t figure it out.

An example?

Serious Illness Cover.

You ever see a TV show or movie where a desperate character takes a loan from a shady one but when they go to make a payment the interest is so high that all of a sudden there’s no hope of them ever paying it back?

And then it cuts to the next scene and there’s a large gangster dude standing on their doorstep threatening to break their legs.

Okay, so I may be exaggerating a bit here but that’s kind of what Reviewable Income Protection is like.

If you ever had to take extended sick leave but had the smarts to sort out income protection policy before the shit hit the fan, you probably felt an abundance of relief.

But what would have happened if your employer had given you the boot during your sick leave?

Is that a thing?

Can you even be fired if you are on extended sick leave?

Unfortunately, the answer is trickier than a quick yes or no.

You get the feeling you’re starting to get on a bit when you turn on the radio and don’t recognise any of the artists.

And now look at you, you’re reading a blog about Life Insurance.

It’s over my friend.

Make peace with becoming a curmudgeon, watching The Late Late Show and finding outrage at every turn.

Having a baby is just about the most adult thing you do.

It’s also wildly rewarding, even if it doesn’t feel like it when they’ve thrown their dinner on the floor (just after you mopped it) or they’ve somehow managed to paint their entire body in a strange concoction of food things (just after you bathed them).

Never estimate the amount of damage a small child can do in five minutes.

They’re also expensive...

Paying your mortgage is a pain at the best of times.

But imagine if you couldn't work long term due to illness.

What happens then?

You should apply for mortgage protection as soon as you go sale agreed.

You should issue your mortgage protection policy before you sign binding contracts.

This is the only way to avoid the heartache of not being able to buy your home due to an unexpected health issue.

No doubt, as an independent contractor you’ve experienced it all.

The hopes.
The dreams.

The days where it’s gone spectacularly well and the ones where you consider packing it all in to permanently push pens.

It’s a rollercoaster. But what happens if you get sick? And I’m not talking a dodgy belly or a sore head after a long weekend...

Worried that IBD will affect your life insurance or mortgage protection application?

You've come to the right place.

We're the experts when it comes to Cronh's and Colitis.

It’s very easy to think that bankers are wan…bad guys. Sure wasn’t it the bank’s fault that the Boom collapsed so badly?

Between massive loans and inflated prices, it was all a bit of a disaster. But we’ve sort of returned to a middle ground where the banks aren’t such bad guys after all.

Or have we?

When it comes to Life Insurance, that’s definitely not the case. Why? Let’s take a look at why buying insurance with a bank will hit you square in the pocket.