TPD Insurance within Superannuation

Should I hold my TPD insurance within Superannuation? In our article 'Superannuation linked Life Insurance', we discussed which insurance products could be taken through a superannuation account. TPD Insurance is one product that is eligible to be held within superannuation. We  also revealed some of the limitations on such a practice, that are imposed through the Superannuation Industry Supervision (SIS) legislation. Since that article was published, readers have raised questions as to the [...]

By |2022-03-08T19:37:22+10:00November 21, 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 [...]

Stroke Trauma Insurance

Stroke Trauma Insurance - young tradesman's family finances protected This is a Case Study1 about a young tradesman who took timely advice and his family finances were protected: a stroke trauma insurance claim experience that could apply to any of us. [We are assured the story is real; the names have been changed.]  Darren, at age 34, was an electrician employed by a national building contractor: six years prior to [...]

Key-man Insurance security

Key-man Insurance: security and financial independence Key-man insurance security (and potentially, financial independence) is provided for your dependants at a time of their greatest need. Business survival following the death/ disablement of a key person… Whether you are self-employed under a company structure or dependant on a key person for technical or other skills you should address the consequences of that person’s untimely death or permanent disablement – for the [...]

Income Protection Insurance

Income Protection Insurance (is Salary Continuance Insurance under some Superannuation accounts) Income Protection Insurance provides financial protection for the insured, against a loss of income whilst they are unable to work due to illness or injury. The policy will provide for the insured to be paid a prescribed benefit after the conditions of disablement have been met and the nominated waiting period has elapsed. Generally, to qualify for an income protection benefit [...]

By |2021-06-16T09:13:50+10:00August 1, 2011|Superannuation Strategies|0 Comments
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