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

Income Replacement Insurance

Comparing Income Protection Insurance with Salary Continuance Insurance Income replacement insurance is a form of wealth protection that provides an income stream to replace a 'normal' income stream (such as wages or profit from a self-employed business). It is important to provide financial stability during times of interrupted earning occasioned by accident or illness. Income Protection insurance is the more common name for this particular life insurance product, but when [...]

By |2021-07-27T15:24:42+10:00November 21, 2014|Risk Insurance Strategies|0 Comments

Trauma insurance protection

What is Trauma Insurance - and what protection does it provide? Trauma insurance is a life insurance product that provides a claim benefit on the diagnosis of certain, prescribed/ defined conditions. Trauma insurance protection comes in the form of a financial benefit payment on the occurrence of eligible 'medical' conditions, or a policy-defined event, which may render the policyholder incapable of working for a period of time. It is paid [...]

By |2021-06-16T09:13:50+10:00February 8, 2010|Risk Insurance Strategies|0 Comments

Income Protection Insurance explained

As with all personal risk insurance products, there is a need to understand what risk is being outsourced to insurers: Income Protection Insurance explained is, hopefully, Income Protection Insurance (IP) understood. Income Protection Insurance explained Income Protection Insurance is one of only a couple of personal risk insurance policies that are paid on an 'income' basis, rather than on a capital (or lump sum) basis. A simple explanation is that [...]

Go to Top