Life Insurance inside or outside of super

[blodgkin]

What are peoples opinions on taking out life insurance inside or outside of super.

Also, what kind of levels of insurance do you take? I've read a few options like

• Just enough to cover mortgages
• Three years wages

I know its a good idea to take it out but I've no idea where to start to be honest.

 

[Terry_w]

Generally in as the fund can deduct the premiums.

 

[handyandy]

What are the different taxation rules re life insurance?

Where a parent takes out life insurance on a adult child for instance.

Where a company takes out keyman insurance on an employee whether related or not.

Where you have the insurance inside super and the beneficiary is your wife or same situation where the beneficiary is a trust established via a testamentary trust.

I am informed there are different taxation results from taxed at marginal rate to tax free.

Cheers

 

[Rolf Latham]

for many, a combo of insurance in and out of super provides best bank for buck.

Spend some time and money with a good financial planner as to what works best for you.

Structured risk planning is very hard to do off your own knowledge and experience

ta
rolf