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Insurance Through Your Self-Managed Super Fund

The benefit of a self-managed super fund is in your ability to customise your investments, which ultimately makes it worth the time and effort put into it. Insurance through your SMSF premium is no different – as well as your investment strategy, Life Insurance and Income Protection are there to cushion your future and provide peace of mind.

While insurance through a SMSF is not mandatory, you do have to consider the circumstances of the members of the fund and decide whether it’s an ideal choice to have it. While there are joint policy discounts, it’s important to consider whether it’s best to purchase Life, Total and Permanent Disability, or Income Protection insurance individually or as a fund.

Life Insurance

Life Insurance is a product that could be life-saving when an unforeseen situation arises. A majority of Australians are covered via a superannuation fund, and there’s no reason why a SMSF trustee should be without a policy. A cookie-cutter approach won’t always cut it and there are many areas we’ll help you consider so you’ll ultimately choose what’s best for you.

Life Insurance and Total and Permanent Disability (TPD) insurance for SMSF is not mandatory – but having insurance in SMSFs provides a number of tax benefits. With our guidance, you’ll be able to figure out what you need to consider.

Find out more about Life Insurance through your SMSF.

Income Protection

Often overlooked, Income Protection can become a vital addition to a policy – especially when self-employed. While the self-employed popularly run an SMSF to invest in property, this is all the more reason to invest in Income Protection. The risks involved in your investment strategy means income protection could be the vital lifesaver should anything unforeseen happen to you.

Find out why and what you should consider in Income Protection.

Page last updated: January 16, 2015