Wednesday, January 12, 2011
These low rates won’t be around forever as they are currently undertaking their review to increase their insurance rates in mid February.
If you have an existing insurance policy (Life/TPD, Income Protection or Trauma) you may be able to replace these insurances at a lower cost to create additional cash flow or if your insurance is held within super it will give you more money to invest in the market.
If you have an insurance policy that has been underwritten within the last 5 years you can potentially roll your insurance over without completing any additional medical forms.
Below is an example of a client whose insurance we re-structured in December;
Life/TPD and Income Protection all held outside of super costing $5,644 per annum from their cash flow.
Life/TPD moved to inside super and all insurances moved to new provider at a total cost of $3,962 per annum. This reduced their premiums by 29% and their cash flow was increase as the Life/TPD insurance is now funded through their super.
If you would like a complimentary review of your personal insurances please contact 02 9262 3333 or click here.