Life Insurance – Dymond Foulds & Vaughan

ASIC: insurance in super improvements

Posted on 2 May 2023 by admin

The Australian Securities and Investments Commission (ASIC) has released results of its recent review on improving arrangements for life insurance in super funds. The review was conducted as a follow-up to issues first identified in 2019, when ASIC found that some super trustees offered insurance that unnecessarily erodes a member’s retirement balance, inappropriate coverage of […]

Life insurance in super: costs on the way up?

Posted on 27 May 2021 by admin

Having insurance through superannuation can be a tax-effective and cost-effective way of protecting yourself and your loved ones. Most funds offer three different types of insurance through super, each covering different contingencies: life insurance, total and permanent disability (TPD) insurance and income protection insurance. Life cover pays a lump sum or income stream to your […]