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Life/TPD Insurance from Super and Master Trust

Discussion in 'General Property Chat' started by JohnPropChat, 29th Jun, 2016.

  1. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    567
    Location:
    Perth
    It's that time of the year when I review where my money disappeared. I've been looking at Life/TPD/Income protection insurances. Currently all of them are inside my super.

    Life cover is the only one that makes sense inside super, cause either I am dead or not. No ambiguity about the level of deadness.

    TPD and Income Protection - I am not so sure if it's a good idea to have it only inside super. As neither of them are "own occupation" types and may have to satisfy the superfund's condition of release in addition to the insurer's etc.

    In any case, would love to know how you guys structure your insurance(Life/TPD, Critical Illness, Income Protection). Whether it is inside super, outside super, or a hybrid mater trusts with 70%/30% thingy. Level or stepped premiums etc.

    PS: Wasn't sure where this thread should go. Mods, please feel free to move to the right section.