Many people are unaware of what happens to their superannuation on death. Unlike other assets, the balance of your member account in your superannuation fund does not necessarily pass to the beneficiaries under your Will. (more…)
SMSF
Should I purchase life insurance in my super fund?
Many superannuation providers offer the option of purchasing life insurance through your superannuation fund. Self-Managed Superannuation Funds are also able to purchase life insurance within the fund. However, many people do not fully understand the advantages and disadvantages of purchasing life cover through their superannuation fund.
This article explains the implications of holding life insurance policies within superannuation funds, so that you can make an informed decision. (more…)