O'Reilly logo

SMSF DIY Guide: Everything you need to successfully set up and run your own Self Managed Superannuation Fund by Sam Henderson

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 8: Risk management and insurance in your fund

I detest Life Insurance agents; they always argue that I shall some day die, which is not so.

Stephen Leacock, Canadian humourist

Australians are heavily under-insured when it comes to personal insurance. According to the Financial Services Council, just 20 per cent of Australians purchase life insurance, and of those who are insured, a large proportion don’t have enough insurance to meet their financial obligations in the event of an accident or illness. If you don’t have personal insurance then you are a member of one of two possible groups:

• those families who are self-insured, meaning they have enough money to meet their financial commitments, such as paying off a mortgage, in the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required