Most people will have some form of cover with TPD & Death insurance cover through their superannuation funds. Is this preferable or superior to taking it out personally, aside from tax deductibility and cost?
Do people combine their insurance products or a combination of the following through one provider ie TPD (personal or through SMSF), Trauma, Income Protection, Health, Building & Contents?
Not sure if there is a one insurance provider that has all these products?
In doing a financial risk assessment on myself, it can pretty clear that whilst I am comfortable with the debt I have and will continue to rack up, if something was to happen to me (either die, incapacitated or serious illness), I will leave or impose a heavy burden on my family/myself, given my existing financial commitments.
Would be interested to hear people's thoughts, views on what types of insurances you have taken out? Alternatively why you haven't taken any?
For those who have taken out insurance, is their a optimum tax effective method by which you can purchase insurance?
Do people combine their insurance products or a combination of the following through one provider ie TPD (personal or through SMSF), Trauma, Income Protection, Health, Building & Contents?
Not sure if there is a one insurance provider that has all these products?
In doing a financial risk assessment on myself, it can pretty clear that whilst I am comfortable with the debt I have and will continue to rack up, if something was to happen to me (either die, incapacitated or serious illness), I will leave or impose a heavy burden on my family/myself, given my existing financial commitments.
Would be interested to hear people's thoughts, views on what types of insurances you have taken out? Alternatively why you haven't taken any?
For those who have taken out insurance, is their a optimum tax effective method by which you can purchase insurance?