If you have recently set up an SMSF and are thinking of taking out life insurance through your fund, there are a number of things that you need to be aware of.
Before you begin, it is crucial that you DO NOT CANCEL your existing life insurance policy until your new policy is in place. You do not want to get into a situation where you cancel your cover and are then are unable to take out new cover.
Once your new cover within your SMSF is in place, you can then make the decision whether or not to cancel your pre-existing cover, without compromising your protection.
We are experts at helping you set up your insurance through your super fund or SMSF.