Life Insurance Blog

In this week’s blog, we wanted to keep you in the loop with some exciting news and views from the Pinnacle Life team - an update from us!

A common question we get asked is, "when does my life cover begin". Who would have thought that something so simple could feel confusing? At Pinnacle, the answer is as soon as we've accepted your application, which for most people is immediately.

Many milestones define different stages of where we are in life, and retirement arrives later than others. Whether it's around the corner or you have just retired, this is one of the most significant changes you might experience. However, like in all stages of life, things can change very quickly, and there is always room for a backup plan. Life insurance can provide this safety net for many reasons.

When it comes to your life cover and tax there are two things to know about; Do I have to pay tax on a Life Insurance claim payout? and, Do I pay tax on my premiums?

Some of the most common questions we receive at Pinnacle Life revolve around smoking and the effect it has on your life insurance policy. Can you start smoking after taking out life insurance? Is vaping considered smoking when it comes to life insurance? Or what happens if you already have a policy but give up smoking? Here’s a quick guide to life insurance for smokers and vapers, and an overview of how we treat smoking as a provider.

Life is full of uncertainties, and while we strive to plan for the future, it's impossible to predict every twist and turn along the way. That's why safeguarding our loved ones' financial well-being is essential in case of the event of the unexpected. While a basic life insurance policy provides crucial protection, there's a way to enhance its coverage. Enter life insurance riders – allowing you to tailor your policy to meet your needs.