Life insurance is not simply an insurance policy on a person's life that pays out in the event of their death. Rather it is the cornerstone of any financial or estate plan, that provides a lump sum of funding in a tax effective manner that is used to protect both the assets and those who are financially dependent on the deceased person.

Television advertising of life insurance would have you believe that putting cover in place is as simple as a phone call. The real test of insurance comes at the time of a claim and it is at this time that the value of proper advice is realised.

Life Insurance needs to be carefully planned.

At Capital Managers we will examine your real needs to determine the sum insured required including, but not limited to:

  • Debt repayment
  • Children's education expenses
  • Funeral costs
  • Taxation
  • Ongoing income needs of persons who are financially dependent

We will also assist in determining an appropriate ownership structure for the policy. Ownership decisions should include consideration of the potential tax deductibility of premiums, and funds being received in a tax effective manner.  The policy may be owned by one person or a combination of structures to help ensure the policy provides maximum benefits. We will consider if it's appropriate for the policy to be:

  • Personally owned
  • Owned via superannuation
  • Owned by a trust
  • Owned by a third party

Speak to one of our specialist risk insurance advisers who would be happy to examine your needs and recommend an appropriate life insurance structure for you.