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Life and TPD

Discussion in 'Superannuation, SMSF & Personal Insurance' started by AO, 21st Mar, 2010.

  1. AO

    AO Active Member

    Joined:
    1st Mar, 2010
    Posts:
    27
    Location:
    Perth
    Silly question here.

    Why do people link their Life Insurance with TPD?
     
  2. AsxBroker

    AsxBroker Well-Known Member

    Joined:
    8th Sep, 2007
    Posts:
    1,448
    Location:
    Sydney, NSW
    Hi AO,

    It's generally cheaper than having a standalone life and standalone tpd cover.
    People may however want a buyback option as the "rider" (TPD) would reduce the life cover paid out with a normal linked or rider policy. These are usually either 1 or 3 years though it's up to the life company.

    Cheers,

    Dan

    PS This is general information which doesn't take into account anyone's situation. Before making an insurance decision speak to your FPA registered insurance specialist.
     
  3. AO

    AO Active Member

    Joined:
    1st Mar, 2010
    Posts:
    27
    Location:
    Perth
    Brilliant!

    Perhaps you can answer this one but it's of no relevance.

    When you lease cars, who is responsible for the comprehensive motor insurance? Surely it must be the owner right?