Investing in property via a SMSF is the flavour of the month at the moment and for as long as share market uncertainties exist and the RBA continues to reduce interest rates, this strategy will continue to gain momentum among investors. Where borrowings are used to fund some of the purchase, a limited recourse borrowing […]
The practice of insurance churning is not new. It has existed for decades. Insurance churning is said to occur where a financial planner or insurance adviser moves clients from policy to policy purely to obtain higher commission payments. To illustrate, say you have had a life insurance policy in place for 12 months. Your adviser, […]
Most individuals understand the importance of having income protection and life insurances in place but often overlook the importance of trauma insurance. In fact, in our experience, many people are not even aware trauma insurance exists. To some degree this is not surprising as trauma insurance is relatively new, having only been available for around […]
We’ve all seen the television ads – no medicals, no paperwork, low cost cover from one dollar a day and so on. Just call up and within minutes you can be accepted for up to $1m of cover. Sound familiar? It’s no secret there are plenty of insurance providers playing in this space at the […]
Life insurance policies can be structured in various ways but for most people, they take out a policy in their own name. This is referred to as self ownership. An alternative to self ownership is superannuation ownership. In this case, a superannuation fund owns the policy on your life, not you. Superannuation ownership may result […]
