If you are self employed or a director of your own company, the life policy could be structured in a way that allows you a tax deduction on premiums.

Life insurance can also be used to provide funding for business partners or directors to purchase the shares of co-directors or partners on their death. You can also use life insurance to insure key people in your business who's death would have a detrimental financial effect on the company. If you own a DIY superannuation fund you may also benefit from having life insurance owned by your DIY Super Fund.

The level of Life Insurance should be calculated by a professional using a death needs analysis.

Total & Permanent Disability

TPD Insurance pays a lump sum benefit on the event of a person becoming totally and permanently disabled. It is designed to provide a lump sum to pay off loans and provide funding for medical expenses and any home modifications that you might require as a result of total or permanent disability.