A life insurance buy-back option is usually available to policies that are bundled with either TPD or Trauma insurance.
This is a common structure for life insurance policies as it lowers the cost of having separate insurances. It does mean however, that if you make a trauma or TPD claim, your life insurance benefit is reduced by the amount of that claim.
This is why insurers offer a buy back option.
As we head towards June 30, it's important to know what last minute tax deductions and changes are imminent. Bianca gives us a concise 5 minute summary on the new superannuation rules effective from 1 July 2022.
ONLINE Webinar: Rebuilding After Divorce
5 May 2022 // 1:00pm - 2:00pm
Taking time to ask yourself the big questions can be daunting and empowering at the same time. We tend to want it all, however, prioritising your goals and needs is a valuable step. Can you afford that renovation, holiday or early retirement?
Planning for life and its ups and downs is the first step.
How safe is your superannuation? Can a super fund go bankrupt? Is my superannuation Government guaranteed?
If you're looking into investing into property, regardless if it's residential or commercial, there's plenty to weigh up.
