How Does Cannabis Oil (CBD Oil ) Affect Your Life Insurance Application?

Have you ever been at a BBQ with friends and heard the question asked, 'Can a person get life insurance if they use Cannabis Oil?' Its a really good question so here's our really good answer.

Life still goes on, even in the middle of a Pandemic.

Yes, it makes perfect sense to think about life insurance today - especially today - because life still happens to us all, all the time, even during difficult times.

One of the dangers of living through difficult times (and the LGBTQIA+ Community is no stranger to surviving difficult times) is we can sometimes fixate on the biggest issue and ignore the most important issue - our life, love, and relationships continue regardless.

Our innate adaptability can lead many LGBTQIA+ couples to embrace wildly different financial goals, styles and circumstances in our partners.

Protecting yourself from sickness and injury – so you can keep on earning a living.

We help people living with well-managed HIV, diabetes or other complex health conditions get high quality Income Protection cover

Previously, people with complex health needs were excluded from high-quality Income Protection - now that's changed for our clients.

• Income Protection is an insurance cover for one of the most important assets of all – your ability to continue to keep on earning a living.

Explaining Income Protection

Income Protection insurance as the name suggests is designed to protect your ability to continue to earn an income and pay up to 70% (previously 75%) of your income if you're unable to work due to sickness or injury. It can provide cover worldwide 24/7 and can even protect 100% of your employer's super contributions too.

• The waiting period is the number of days before the income benefit payments start. It can be as short as 14 days and can be as long as 12 months (or even more), whatever you choose.
• The benefit period is the length of time you’ll receive payments while you’re unable to work due to sickness or injury. These can often be for set periods of 2 years or more, even up to age 65 (and now in some cases age 70), depending on what you choose.
• The payment method is the way you agree to pay the insurance premiums. These can be from your personal funds, perhaps from your super fund or even a combination of both, depending upon whatever you choose.

There are so many different options available with Income Protection.

Your financial advisor from unusual risks is the expert to best help you understand your options and cut through what can often feel an overwhelming process to find your unique solution.

Our income drives our lifestyle - not just paying rent, mortgages, car loans and credit cards, but living a full and interesting life Drew Browne

Practically speaking - always protect what you cannot afford to lose

Why you may need income protection

The financial engine of our lifestyles is our continuing ability to earn our incomes.

Over the course of a lifetime, most people will earn a small fortune (and rely upon their super contributions for their ability to eventually retire).

Protecting your ability to continue to earn an income makes clear financial sense.

It’s especially relevant for:

• Single people who might not have strong family or relationship support
• People in relationships depending upon dual incomes
• People with ongoing debts, like a mortgage, rent, credit cards and personal loans that couldn't be paid if they were unable to work due to sickness or injury.
• People who have regular family expenses like food, household bills, council rates or strata fees, school fees, vehicle costs (and perhaps child support payments or IVF treatment costs) and who don't have immediate access to substantial savings to use to replace their lost income if needed
• People who want an effective backup plan in place if one (or both of their incomes) were to stop due to sickness or injury

A special note for self-employed people

Self-employed and business people have different needs and restrictions on their incomes so if that's your situation, relax, the professionals behind Unusual Risks Insured can talk you through your special options too.

Real Life Statistics

• 20% of all mortgage defaults in Australia are ‘due to illness or accident in household'
  ^{(Mortgage default in Australia: nature, causes and social and economic Impacts, Australian Housing and Urban Research Institute, March 2010)}

If you’re part of a gay couple, here’s 6 power money decisions that help LGBTQIA+ couples get on the same page financially, and stay on track together.

Because who wants to spend a lifetime arguing about money, right?

Straight and living with HIV? It's becoming more common than you'd think

The typical straight guy (or girl) next door who is just living with a chronic health condition called HIV, is increasing

HIV is not a top-of-mind conversation starter for most straight guys and girls so many straight people believe HIV is not a health issue for the straight community, but they would be very mistaken.

• In Western Australia during 2020, more straight men were diagnosed with HIV than gay men.
• Despite new HIV numbers declining nationally for more than a decade, the number of straight men contracting the sexually transmitted HIV virus is on the rise.

Women living with HIV in Australia

Today, about 10% of people living with HIV in Australia are women; yet they continue to be conspicuously absent in most of the HIV prevention messages.

The reported experiences of women living with HIV can be very different from men.

Many women navigate their treatments and their daily lives differently from their male counterparts.