Discussion in 'Superannuation, SMSF & Personal Insurance' started by AO, 21st Mar, 2010.
Silly question here.
Why do people link their Life Insurance with TPD?
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.
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.
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?
Separate names with a comma.