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GOLF EVENTS New golfers welcome The AMA (NSW) Golf Society is back in full swing. Please join us for another exciting year of golf. Are you a golfer, why not come along to our next event and try us out? We always welcome new players, you don’t need to be an AMA (NSW) Golf Society member to play, but you do need an official slope rating. If you would like to register for our events or if you have any queries about the AMA (NSW) Golf Society, please contact Claudia Gillis on amagolf@amansw.com.au or ph: 02 9439 8822 dr. PRESIDENTS CUP // Tuesday 21st June Pennant Hills Golf Club SPRING CUP // Thursday 1st September Terrey Hills Golf Club INTERNATIONAL SHIELD // 22nd to 30th October New Zealand BMA CUP // Friday 2nd December NSW Golf Club AMA (NSW) Golf Society Claudia Gillis 9439 8822 amagolf@amansw.com.au Save up to 10% on the RRP of most new cars. TDABS0001 Call 1300 76 49 49 or visit www.avbs.com.au Avb s AustrAlAsiAn AustrAlAsiAn VEHIclE BUYING SERVIcES Preferred provider This is an exclusive member service and is available on all makes and models of new cars 32 I THE NSW DOCTOR I MARCH/APRIL 2016
ADVERTORIAL Is the cost of your income protection insurance breaking the bank? In this article, Experien offers an insider’s view of the price increases that are generally flowing through to some people who have income protection at some of the insurers that are active in this market. Income Protection insurance provides valuable protection against temporary and permanent illness and injury. The industry pays out hundreds of millions of dollars each year to people who claim on these policies. Unfortunately claims at some insurers for some conditions have risen sharply over the past year which has meant some insurers have been losing money on their products. Whilst some insurers are holding steady, many have needed to raise their premium rates up to around 10%. What are the insurers doing? Each insurer is adopting a different approach. Some are not increasing premiums. Others are increasing some products by a small amount and others by a larger amount. Each person is affected differently (if at all). Stepped premium and CPI premium increases If you have what is termed a “stepped” premium policy, then your premiums generally increase each year regardless, as your risk of claiming generally rises each year. Your premium may also increase by an inflationary amount as your cover increases by a similar amount each year. The increases referred to in this article would be additional to any such increases. When do premium increases take effect? We are made aware early of a price increase (if any) planned by an insurer. These only take place on a policy anniversary. Our approach is to review this increase and then analyse what it means to each client. We then consider if affected clients could be better off with an alternative insurer or if there are other options to consider to mitigate the premium increase - such as increasing the waiting period associated with any claim. In some cases, no changes may be suggested or possible. We present any recommendations to you shortly before your next policy anniversary – which is the date that any price increase would take effect. So what should you do about your insurance? If you already have insurance in place, we can provide a complimentary review to ensure you have the best cover. We generally have access to the cheapest personal insurance rates from the major insurers and it is unlikely that any other adviser would be able to obtain better rates for you. Unlike some other advisers, we have access to all the insurers in the industry. Whilst it is impossible to predict with certainty if future insurance premiums will rise or fall, we take great care to work with insurers that we believe are financially secure and have long term stability with a great claims payment history and service. Contact Tracey Kloner or Alex Kambos today for an obligation free consultation and review. Tracey Kloner Direct: 02 9293 6671 Mobile: 0417 258 288 tracey.kloner@experien.com.au Alex Kambos Direct: 02 9293 2118 Mobile: 0406 995 432 alex.kambos@experien.com.au Disclaimer: This information is of a general nature only and has been prepared without taking into account your particular financial needs, circumstances and objectives. While every effort has been made to ensure the accuracy of the information, it is not guaranteed. You should obtain a copy of the product disclosure statement and also obtain independent professional advice before acting on the information contained in this publication. Life Insurance services are provided by Experien Insurance Services Pty Ltd (ABN 99 128678 937). Experien Insurance Services Pty Ltd ABN 99 128 678 937 is a Corporate Authorised Representative (No. 320626) of ClearView Financial Advice Pty Limited ABN 89 133 593 012 AFS Licence No. 331367. amansw.com.au I 33
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Page 7 and 8: Always looking after you. “ At MI
Page 9 and 10: Let’s talk about last year’s re
Page 11 and 12: GET YOUR HEART RACING WITH LUXURY A
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Page 17 and 18: 2016 AMA/ASMOF Alliance MENTORING P
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Page 37 and 38: OTHER MEMBERS Dr Gaini Allen Dr She
Page 39 and 40: How we Help you build and preserve

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