Life and TPD

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

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  1. AO

    AO New Member

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    Silly question here.

    Why do people link their Life Insurance with TPD?
     
    AO, 21st Mar, 2010
    #1
  2. AsxBroker

    AsxBroker Well-Known Member

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    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.
     
    AsxBroker, 21st Mar, 2010
    #2
  3. AO

    AO New Member

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    1st Jul, 2015
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    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?
     
    AO, 24th Mar, 2010
    #3