Life Cover

Life cover is the easiest insurance to understand.  The policy pays out if you die.

But in saying that there are other matters to consider including who may own the policy on the life insured.  Should that be you or your Self Managed Superannuation Fund, your spouse or some other arrangement?

Some policies will pay out in the event of a terminal illness diagnoses, which can be most helpful for a family struggling with the raw grief of a loved ones departure.

So while life cover is the easiest insurance class to understand there are subtle issues to consider before taking out life cover.

How you structure the insurance policy can make a difference to you.