Depends on the situation. The insured could have a business or investment opportunity, potential job in an alternative field or could have a...
Found this for you too: https://financialservices.royalcommission.gov.au/public-hearings/Documents/exhibits-2018/12-september/EXHIBIT-6.123.36.pdf
Regarding tax, generally it will be taxed at the marginal rate though there are some policies where it is tax free. You could possibly request...
I used to work in life insurance. That offer is actually quite generous. It is the discounted net present value of the future payments. The...
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