Historically Australians are chronically underinsured. There is nothing like a crisis to focus the mind and while 2008 may have been tough year for the financial sector, some strong messages were delivered along with losses. Bad things can happen to good people – every plan entails risk – and protecting capital is as important as growth. 2008 may turn out to be the year that Australians began to understand the nature of risk and the importance of risk management via insurance. Whether it's house, home contents or life insurance, most Australians have insufficient cover.

It is not just about creating wealth but protecting it as well.

Insurance why risk it?

The decision to purchase insurance including life insurance involves calculations of risk and return that many individuals find daunting. We believe that Australia’s chronic underinsurance is actually a reflection of low levels of understanding about insurance – its nature, purpose and application. When individuals feel overwhelmed by information or pressured to buy a particular product the default position of doing nothing is all too easy.

Education to provide knowledge of different insurances and need to plan to manage risk will alert Australians to the benefits of protecting current assets which is every bit as important as growing capital. We understand the difficulty of helping individuals face the need for life or income protection insurance and the effect of an adverse event.

All types of life insurance are covered in the materials including the basics of insurance, types of insurance, comparing insurance, the risks of being uninsured or underinsured and insurance strategies. Our message is that you have to plan for risk.

Being prepared and knowing what insurance issues you need to consider can prevent disaster.
No product or services are sold. Education is delivered online and customised for any client or company.
A wide range of information is delivered and life, travel, medical and home insurance are defined and explained.

Money 101‘s insurance suite of modules tackles head on the Australian adage ‘she’ll be right’ and brings the power of education and a dispassionate review of an individual’s assets to the problem of chronic underinsurance. Education, choice and flexibility and a learning environment developed to cater for the particular needs of adults will deliver increased up-take of insurance in Australia. Because we do not push a particular product we can cover the need for a wide range of insurances including those that many ordinary Australians typically ignore such as income protection and disability insurance.

One in two Australians believe that finance, investments and superannuation are too complicated to understand properly. A similar number say they regard mobile phone contracts and private health insurance as too complicated. Money 101’s mission is to improve the financial literacy of Australians. A big part of that challenge is providing appropriate, accessible and engaging material for an adult audience. We are skilled at taking learners through conceptually and emotionally difficult subjects and allowing them to navigate their way through the information. We are committed to giving Australians greater choice and confidence in their choices.