Life Insurance within Superannuation

Are there benefits to holding Life Insurance within Superannuation? It is widely considered that holding certain types of Life Insurance within Superannuation is acceptable practice. For some people, this is the only personal risk protection they have. The types of insurance typically allowed is restricted to policies that provide benefits that accord with the purpose of the superannuation system. The most common life insurance carried within superannuation, are 'term life'; TPD; and income protection [...]

By |2021-02-26T09:31:49+10:00November 21, 2014|Risk Insurance Strategies|0 Comments

Beware direct insurance reliance

Direct life insurance, taken online from a TV ad, may be convenient - but can you rely on it to provide protection when needed? We look at a range of issues that influence people's decisions in relation to protecting their financial well-being from risks of ill health, accident - and even death; and highlight some of the reasons to beware direct insurance reliance that is not well founded. (As suggested in [...]

By |2021-01-21T15:05:19+10:00September 17, 2014|Risk Insurance Strategies|0 Comments

Superannuation linked Life Insurance

What is superannuation linked life insurance?Should I have life insurance product linked to my superannuation? Superannuation linked life insurance products are those that have elements of the protection for the insured covered both inside and external to superannuation. A particular policy structure links the two elements. Many of us have at least some of our life insurance protection paid through our superannuation accounts. In some cases this is a cash flow [...]

Funding early retirement

Funding early retirement can be a challenge Funding early retirement is an important consideration for those choosing to opt out of the workforce before the traditional retirement age. The traditionally accepted age for retirement is 65. Whilst there is often discussion that this age should be extended because of extended life expectancy over the past century: nevertheless it is still the case that large numbers of people find themselves ‘retired’ well before that [...]

By |2020-12-16T18:56:36+10:00September 20, 2013|Wealth Management|0 Comments

Intergenerational Wealth Transfer

Intergenerational Wealth Transfer: an Estate Planning issue... Over the next couple of decades an intergenerational wealth transfer involving billions of dollars will pass from the ‘baby boomer’ generation to their descendants. The effectiveness of intergenerational wealth transfer will generally be measured by the tax effectiveness of the strategy resulting in the transfer of that wealth.  Some families will initiate the transfer whilst the holders of the assets are still alive. Strategies they [...]

By |2020-12-10T18:38:46+10:00August 26, 2013|Estate Planning, Wealth Management|0 Comments
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