Insurance

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Did you know advised individuals are more likely to be successful when making an insurance claim? Here’s why. 

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Andrew Zbik, a senior financial planner with Creation Wealth, has conceded that insurance “is a complex thing”.

“Different insurance policies cover you for different events. The right combination of insurance complement each other to give you protection for several different scenarios, which may stop you from working,” he explained.

“A financial adviser ensures you have the right insurance in the first place, reviews your policies annually to ensure they are still right for you and is available for when you need help – especially when a claim needs to be made.”

According to the Australian Securities and Investments Commission (ASIC), advised individuals making death benefit claims have a 97 per cent success rate, compared with an 89 per cent success rate for unadvised people.

When it comes to TPD claims, advised clients have an 81 per cent success rate, while just 67 per cent of unadvised individuals have their claims approved.

“Broadly speaking, people who have obtained an insurance policy through a financial adviser or group super scheme (i.e. employer-sponsored fund or industry super fund) benefit from a higher percentage of successfully paid claims compared to people who try to go it alone,” Mr Zbik commented.

From the financial planner’s perspective, there’s a number of reasons as to why this is the case:

1. More total and permanent disability claims via advisers and group super

“When I speak with many clients, there is a very low awareness as to what total and permanent disability insurance is,” he conceded.

“Total and permanent disability insurance provides cover if you are totally and permanently disabled. It helps cover the costs of rehabilitation, debt repayments and the future cost of living.”

According to Mr Zbik, there is a lack of awareness among those who go it alone that this type of insurance even exists: “I think that is reflected in the very low number of claims (79) for those who went it alone versus the 18,998 who went via an adviser or group super scheme.”

2. More disability income/income protection claims via advisers and group super

“This type of insurance cover replaces the income lost through inability to work due to injury or sickness,” the financial planner noted.

With waiting periods and benefit periods varying wildly, how you set up your income protection will heavily influence how and when you can make a claim.

3. When in need, you have someone to call if you receive advice from an adviser or group super scheme

Drawing on his own experience, Mr Zbik commented that when one of his clients was diagnosed with cancer, they contacted him.

“I was able to do all the groundwork for investigating whether they were able to make a claim and then helped them through the claims process,” he revealed.

“It took 49 days from when my client informed me that they had cancer to when they received their benefit payout,” the financial planner concluded.

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Did you know advised individuals are more likely to be successful when making an insurance claim? Here’s why. 

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The corporate regulator has revealed a number of superannuation trustees that have been classifying new members as “smokers” by default – charging them higher life insurance as a result.

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The Australian Securities and Investments Commission (ASIC) has said it engaged with seven superannuation businesses – or nine trustees – between 2017 and 2020 that had been either at the time or historically assigning “smoker” status to members in products unless the member took active steps to opt out.

Those super funds were named as: AMO, Colonial First State, Equity Trustees, IOOF (inc OnePath), Intrust, Netwealth and Suncorp.

Since ASIC raised the issue, all businesses have stopped charging new members life insurance premiums at smoker rates by default.

According to the statement from the regulator, all seven businesses have moved, or are in the process of moving, existing members paying premiums at “smoker” rates onto non-smoker or blended rates.

Four businesses have also refunded, or agreed to refund, members for extra premiums paid.

Commenting on the issue, ASIC commissioner Danielle Press highlighted how “generally, insurance premiums for smokers are substantially higher than for non-smokers”.

“Given the low prevalence of smoking among Australian adults, classifying members as ‘smokers’ for insurance offered through superannuation unless the member takes active steps to confirm non-smoking status is contrary to community expectations.”

She added that “insurance in super is complex”, with many Australians not realising that default classifications can impact the price of their cover and therefore reduce their retirement benefits.

“In light of the low smoking rate, merely providing disclosure and putting the onus on members to act is not enough to support good member outcomes.”

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The corporate regulator has revealed a number of superannuation trustees that have been classifying new members as “smokers” by default – charging them higher life insurance as a result.

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More than half a million Australians could be eligible for three new class actions after the banking royal commission uncovered droves of customers being charged excessive life insurance premiums.

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Shine Lawyers is alleging that financial firms BT, CBA and AMP sold unsuspecting customers overpriced in-house life, income protection and TPD cover – with the practices uncovered in the 2018 banking royal commission.

According to class actions practice leader Craig Allsopp, they did this despite knowing there were equivalent or better policies with lower premiums available through other insurers.

Mr Allsopp said, “We argue all three financial services providers behaved in a way that was unfair and illegal.”

He considered that “the sheer number of people affected by these premium rorts shows we’re not just talking about a few bad apples but systemic misconduct in the industry”.

The class action against AMP has already been filed in the Federal Court of Australia and centres around the AMP Flexible Lifetime Policy that was provided through financial advisers appointed by AMP Financial Planning, Charter Financial Planning or Hillross Financial Services, with anyone who holds or has previously held the policy invited to contact Shine Lawyers.

AMP and Hillross have since acknowledged the class action proceeding and outlined that they will defend the proceedings, stating a commitment to comply with their obligations relating to ensuring their advisers act in the best interests of clients and take these obligations seriously.

In the coming weeks, Shine will also lodge class actions against BT and CBA.

The BT class action will be applicable to any individuals who hold, or have previously held, a BT Super for Life, BT Super for Life Westpac Group, BT SuperWrap, BT SuperWrap Essentials, BT Panorama Super or BT Superannuation Invest Fund plan between 2014 and 2020.

In the case of the CBA class action, individuals who have held a CommInsure life or income protection insurance policy provided through financial advisers appointed by Commonwealth Financial Planning Ltd, Financial Wisdom Ltd, Count Financial Ltd or BW Financial Advice are being invited to come forward.

According to Mr Allsopp, “The amount of money customers lost varies from a couple of hundred to several thousand dollars.”

He explained that running individual legal claims wouldn’t be viable in every case.

“The reality is without class actions supported by litigation funders, most victims would likely never get their money back.” 

 

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More than half a million Australians could be eligible for three new class actions after the banking royal commission uncovered droves of customers being charged excessive life insurance premiums.

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A deep dive into Australian insurance data has revealed the top reasons why Australians make claims against their life insurance, total and permanent disability cover and income protection insurance.

Write comment (0 Comments) " ["fulltext"]=> string(3439) "

It’s life insurance awareness week, and so the Financial Services Council has taken the opportunity to highlight the most common causes of life insurance claims using KPMG analysis of Australian insurance data.

According to the Financial Services Council’s senior policy manager for life insurance, Nick Kirwan, new claims statistics tell us a lot about the difference between men and women.

Life insurance:

Life insurance pays a lump sum on your death or the diagnosis of a terminal illness.

The top cause of death claims in Australia, according to the data, is cancer. This is true for both men and women – but the differences are still stark.

For men, it accounts for 39 per cent of all death claims.

For women – this figure is up at 61 per cent, of which 29 per cent relates to breast cancer. Colon cancer (15 per cent) and lung cancer (14 per cent) also make up high proportions.

For men, accidents are the second most common cause of death-related claims – at 20 per cent.

Circulatory system issues account for the third highest proportion of claims for men – at 16 per cent, while this is the second most common cause of death claim for women, at 9 per cent of all life insurance claims.

For women, accidents come in third place – at just 7 per cent of all claims.

TPD insurance:

Total and permanent disability (TPD) insurance pays out a lump sum to individuals who are not expected to be well enough to work ever again due to illness or injury.

For both men and women, mental disorders accounted for the highest proportion of claims.

For men, just under one-quarter (24 per cent) were attributable to mental health, while it was slightly higher for women, at 27 per cent.

Accidents were again ranked in second for men, this time tying with issues of the musculoskeletal system at 17 per cent of all TPD cases apiece.

For women, musculoskeletal system issues (19 per cent) just beat out issues of the nervous system, which was the third most claimed against concern – at 16 per cent.

Income protection:

Income protection insurance pays an individual an income after an initial waiting period if that person is not well enough to work due to illness or injury.

Proving accidents are very worthy of insurance protection, the category this time topped the proportion of claims for both men (38 per cent) and women (28 per cent).

Cancer and musculoskeletal system claims were tied in second place for claims by men (12 per cent each), while for women, 22 per cent of income protection claims related to mental disorders and a further 16 per cent related to cancer.  

Commenting on the data, Mr Kirwan said the data “confirms that for working age Australians, cancer is by far the biggest killer and it’s even more deadly for women than for men”.

“We see that men have significantly more accidents than women, and women more mental health claims.”

The senior policy manager is encouraging all Australians to check on what life insurance cover they have: “Be aware of what you have and what you’re paying for.”

“Give your superannuation trustee or life insurance company a call today so you and your family are secure no matter what happens,” he concluded.

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Learn the best strategies in investing and options like cryptocurrency, bonds, mutual funds, property and stock market." ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2020-07-29 02:27:26" ["slug"]=> string(66) "15507:the-biggest-reasons-australians-need-life-insurance-revealed" ["parent_slug"]=> string(16) "284:invest-money" ["catslug"]=> string(13) "311:insurance" ["event"]=> object(stdClass)#5654 (3) { ["afterDisplayTitle"]=> string(0) "" ["beforeDisplayContent"]=> string(0) "" ["afterDisplayContent"]=> string(0) "" } ["text"]=> string(418) "

A deep dive into Australian insurance data has revealed the top reasons why Australians make claims against their life insurance, total and permanent disability cover and income protection insurance.

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Frontline health workers and those employees who have had their work negatively impacted as a result of COVID-19 can breathe easy knowing their life insurance coverage will remain in place for the rest of 2020.

Write comment (0 Comments) " ["fulltext"]=> string(2553) "

The Financial Services Council has revealed an extension to two initiatives it put in place early in the COVID-19-driven downturn.

The first was a frontline healthcare worker initiative that ensured such workers would not be prevented from obtaining life insurance cover purely because of their exposure or potential exposure to coronavirus through the “crucial work they are doing on the frontline”.

The TPD claims initiative ensures anyone who has lost their job, been stood down or has had their hours reduced due to COVID-19 will not lose their total and permanent disability (TPD) cover.

The newly announced extension follows the Financial Services Council’s announcement back in May that workers who had lost their jobs, been stood down or are working less hours as a result of COVID-19 wouldn’t be negatively impacted by changes to TPD cover. 

nestegg had also reported that life insurance coverage couldn’t discriminate against frontline workers fighting COVID-19.   

Originally, the initiative aligned with the JobKeeper payment scheme’s final date – up until 27 December 2020.

It will now be extended through to the end of 2020, with FSC CEO Sally Loane explaining that the initiatives aims “to ease any concerns Australians may have about their life insurance cover during uncertain times”.

“What this means is that participating life insurers will have provided additional support to the community right through to the end of 2020,” she said.

“If anyone is unsure about what cover they have, contact your superannuation trustee, life insurer or financial adviser.”

So, what does it all mean?

The initiative applies to existing life insurance cover. It will be applicable to you, and be able to help you, if:

• You were working in your normal capacity on 11 March 2020.
• You have had reduced working hours or lost your job due to COVID-19 since 11 March 2020.
• You have become disabled as a result of an illness or injury between 1 January 2020 and11 March 2020.
• You have maintained your TPD cover at the time you became totally and permanently disabled.
• You lodge a completed claim form on or before 31 March 2021.

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Frontline health workers and those employees who have had their work negatively impacted as a result of COVID-19 can breathe easy knowing their life insurance coverage will remain in place for the rest of 2020.

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What’s the most important insurance to have, according to Australians?

Write comment (0 Comments) " ["fulltext"]=> string(2007) "

If you answered car insurance and home and contents insurance – you’re correct.

They’re the only two types of insurance that are considered “essential services” by Australian policyholders, according to the results of a new survey from KPMG.

The report, A COVID-19 call to action for the Australian insurance and wealth sector, considered the relationship Australian consumers have with their insurance, superannuation and advice products and services.

Nearly four in five policyholders (79 per cent) classed their car insurance as essential, while home and contents insurance was considered a necessity by 68 per cent of policyholders.

According to KPMG, the results were somewhat surprising, given the current COVID-19 crisis, which meant people have been driving less due to social distancing restrictions and closures, and people have been working from home.

On the other end of the spectrum, just 35 per cent of life insurance policyholders considered such a product an “essential service”.

Even less considered income protection as vital, at 30 per cent.

Despite this, perceptions of the importance of these types of insurance holders did spike for individuals who had had their salary reduced (50 per cent higher) due to COVID-19.

A 44 per cent increase in perceived importance was also observed where that policyholder had lost their job.

But with eligibility to access income protection covered by some strict policy guidelines, not everyone could rely on their product to protect them if they did find themselves out of a job due to COVID-19, and led KPMG to conclude that the spike “signals a lack of understanding of the policies and their eligibility criteria”.    

nestegg has previously answered the question: Will my income protection insurance cover COVID-19?

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What’s the most important insurance to have, according to Australians?

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["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [9]=> object(stdClass)#5671 (32) { ["id"]=> string(1) "9" ["title"]=> string(17) "Third article URL" ["name"]=> string(17) "third-article-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-07-08 05:42:42" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "0" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5424 (3) { ["data":protected]=> object(stdClass)#5427 (1) { ["relative"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5426 (3) { ["data":protected]=> object(stdClass)#5429 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(3) "url" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "3" ["label"]=> string(17) "Third article URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(16) "Related Articles" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [4]=> object(stdClass)#5668 (32) { ["id"]=> string(1) "4" ["title"]=> string(9) "Video URL" ["name"]=> string(9) "video-url" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-19 05:54:21" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "1" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5428 (3) { ["data":protected]=> object(stdClass)#5431 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5430 (3) { ["data":protected]=> object(stdClass)#5433 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(9) "Video URL" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [6]=> object(stdClass)#5669 (32) { ["id"]=> string(1) "6" ["title"]=> string(33) "Image Caption / Video description" ["name"]=> string(31) "image-caption-video-description" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 16:29:55" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "2" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5432 (3) { ["data":protected]=> object(stdClass)#5435 (2) { ["filter"]=> string(0) "" ["maxlength"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5434 (3) { ["data":protected]=> object(stdClass)#5437 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(4) "text" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(33) "Image Caption / Video description" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [3]=> object(stdClass)#5664 (32) { ["id"]=> string(1) "3" ["title"]=> string(6) "Status" ["name"]=> string(6) "status" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:45:26" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "3" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5436 (3) { ["data":protected]=> object(stdClass)#5442 (1) { ["options"]=> object(stdClass)#5440 (2) { ["options0"]=> object(stdClass)#5439 (2) { ["name"]=> string(8) "Inactive" ["value"]=> string(1) "0" } ["options1"]=> object(stdClass)#5441 (2) { ["name"]=> string(6) "Active" ["value"]=> string(1) "1" } } } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5438 (3) { ["data":protected]=> object(stdClass)#5444 (10) { ["hint"]=> string(0) "" ["class"]=> string(9) "btn-group" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(5) "radio" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(6) "Status" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [5]=> object(stdClass)#5667 (32) { ["id"]=> string(1) "5" ["title"]=> string(22) " Essential information" ["name"]=> string(21) "essential-information" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-25 06:10:20" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "4" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5443 (3) { ["data":protected]=> object(stdClass)#5446 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5445 (3) { ["data":protected]=> object(stdClass)#5448 (10) { ["hint"]=> string(0) "" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(0) "" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(22) " Essential information" ["description"]=> string(35) "3 points that summarize the article" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } [2]=> object(stdClass)#5677 (32) { ["id"]=> string(1) "2" ["title"]=> string(14) "Embedded Video" ["name"]=> string(14) "embedded-video" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["note"]=> string(0) "" ["state"]=> string(1) "1" ["access"]=> string(1) "1" ["created_time"]=> string(19) "2020-06-20 01:43:32" ["created_user_id"]=> string(4) "2351" ["ordering"]=> string(1) "5" ["language"]=> string(1) "*" ["fieldparams"]=> object(Joomla\Registry\Registry)#5447 (3) { ["data":protected]=> object(stdClass)#5450 (4) { ["buttons"]=> string(0) "" ["width"]=> string(0) "" ["height"]=> string(0) "" ["filter"]=> string(0) "" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["params"]=> object(Joomla\Registry\Registry)#5449 (3) { ["data":protected]=> object(stdClass)#5452 (10) { ["hint"]=> string(29) "Paste your embedded code here" ["class"]=> string(0) "" ["label_class"]=> string(0) "" ["show_on"]=> string(1) "2" ["render_class"]=> string(0) "" ["showlabel"]=> string(1) "1" ["label_render_class"]=> string(0) "" ["display"]=> string(1) "2" ["layout"]=> string(0) "" ["display_readonly"]=> string(1) "2" } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["type"]=> string(6) "editor" ["default_value"]=> string(0) "" ["context"]=> string(19) "com_content.article" ["group_id"]=> string(1) "2" ["label"]=> string(14) "Embedded Video" ["description"]=> string(0) "" ["required"]=> string(1) "0" ["language_title"]=> NULL ["language_image"]=> NULL ["editor"]=> NULL ["access_level"]=> string(6) "Public" ["author_name"]=> string(18) "Jeremiah Sebastian" ["group_title"]=> string(22) "Summary points + video" ["group_access"]=> string(1) "1" ["group_state"]=> string(1) "1" ["group_note"]=> string(0) "" ["value"]=> string(0) "" ["rawvalue"]=> string(0) "" } } ["link"]=> string(51) "/invest-money/insurance/what-is-essential-insurance" ["image"]=> string(44) "images/article-826x550/man-bubblewrap-ne.jpg" ["image_alt"]=> string(19) "essential insurance" } }