Superannuation/Insurance Brokers?

[Television]

G'day All,

I've been fortunate enough to purchase my first property recently and with this major commitment, also want to look at things like Life/TPD and Income insurance, as well as possibly changing who my super is with.

Are there brokers for these types of products, as there are for mortgages? If so, could anyone recommend someone?

I realise I could review the different super accounts and insurance policies myself, but like with utilising the services of a mortgage broker, I imagine it'll be a bit easier seeking the advice of a professional.

 

[Rolf Latham]

unless you have a very simple need Id recommend using a decent FP to come up with a detailed plan

there is too much at risk with policy wordings, exclusions, premium type selections blah blah.

i know there are "specialist" online selection systems for insurance.

ta
rolf

 

[Jamie M]

Agree with Rolf.

Speak to a decent planner about your options.

Like any professions - the quality will vary by quite a bit so you need to seek out a good one.

Cheers

Jamie

 

[wylie]

We use this chap. He took over when our insurance broker retired. We have at times found our own insurance, at times used a broker. You could call or email him and see what he offers. I have found him very helpful and knowlegeable.

Jason Nairn | Director
Linked Financial Services
are Authorised Representatives of AMP Financial Planning Pty Limited
Suite 5, 211 Ron Penhaligon Way, ROBINA, QLD, 4226 | PO Box 711, Robina, QLD, 4226
T 07 5593 0561 | F 07 5593 0103 | M 0432 918 214
[email protected]

 

[property_girl]

TV, I have found that industry super funds have fees that are quite reasonable and still provide a good investment. They usually include life insurance. I don't know what kind of work you do and it depends on how much you have in super. I am not a big fan of non-industry super funds--too many fees.

 

[Television]

TV, I have found that industry super funds have fees that are quite reasonable and still provide a good investment. They usually include life insurance. I don't know what kind of work you do and it depends on how much you have in super. I am not a big fan of non-industry super funds--too many fees.

Yeah, I've been looking at CBUS because in concept, I figure that if it's "not for profit", thus less fees and reinvesting of profits, and also invests in the industry which I'm a part of, that makes a lot of sense to me.

Will see what they say.

Thanks for your advice, everyone.

 

[Terry_w]

Not for profit - there would be no profit if the executives are taking hefty salaries, driving company cars etc

 

[Television]

Not for profit - there would be no profit if the executives are taking hefty salaries, driving company cars etc

A fair point I hadn't considered. I'm not sure there's too many execs in super funds not taking hefty salaries and company cars. I'll keep the scepticism goggles on!