A life insurance review in Australia is warranted when one of four things happens: a premium increase notice arrives, a major life event changes financial circumstances, an SMSF is established, or a policy has not been looked at in five or more years. According to Christopher Hall, AdvDipFP, Authorised Representative AFSL 526688, these four triggers account for the overwhelming majority of the 500+ policy reviews he has conducted across Australia — and in almost every case, t

Most Australians assume that because their super fund provides life insurance, they are covered. It is one of the most widespread and costly assumptions in personal finance. The reality — observed across more than 500 policy reviews — is that default super cover is, for the majority of Australian families, inadequate in amount, restrictive in definition, and frequently more expensive than a bespoke retail policy arranged for the individual's specific circumstances. This is no

An SMSF can hold life insurance, TPD (total and permanent disability) and income protection insurance for its members. The ATO has published guidance on the deductibility of insurance premiums for complying SMSFs under section 295-465 of the Income Tax Assessment Act 1997 — the specific tax treatment for your fund is worth exploring with your tax adviser, as outcomes vary depending on your fund's individual circumstances. Since 7 August 2012, the ATO has required every SMSF t