RISK AND INSURANCE

Important changes around insurance regulation (SIS 4.07d) w. e .f July 2014 provides that a trustee of a regulated superannuation fund must not provide an insured benefit in relation to a member of the fund unless the insured event meets a condition of release and therefore these changes have an impact for clients as

No Own Occupation Total Partial Disability (TPD) Insurance within Superannuation can be held after July 2014
No Trauma and Critical illness (Temporary) Insurance within Superannuation can be held after July 2014
Income Protection within Superannuation have significant restrictions imposed after July 2014.

Fintacs can help you assess your insurance requirements through the process of a “Risk Need Analysis”

We can help you ascertain:

Gaps in your existing insurance and help make appropriate recommendations
Tax effective strategies for insurances with superannuation and outside superannuation
Help obtain competitive insurance quotes from the top 10 Insurance Service Provider