Library Resource

Library Resource

If you would like to receive our Technical Updates (sent every two months), please email us at service@madinsurance.com.au 

Technical Information:

  • Insurance Within SMSFs Trustees are now required to consider insurance for their members as part of a Fund’s investment strategy. Read more…

 

  • Best Interest Duties – Life Insurance In Super. The “best interest duty” required under FoFA became applicable from 1 July 2013. This adds a new level of complexity to the normal fiduciary duties required of financial advisers. Read more…

 

  • Changes to Insurance Inside SMSFs  The government has recently issued regulations that will limit the types of insurance cover that super funds (including Self Managed Super Funds ) will be permitted to take out for its members. Read more…

 

  •  Tax Deduction for TPD Premiums – SMSFs  SMSF members were previously able to claim a full tax deduction for TPD premiums. On the 1st of July 2011, this changed depending on which type of policy you take out and additional provisions will also apply from July 2014. Read more….

 

 Information for your Customers – Personal Insurance:

  • What Insurance Do I Need?  Navigating the range of insurances available can be daunting for some. Here we help you and your customers determine what insurance they need. Read more…

 

  • Income Protection – Protect Your Way of Life  If something happened to you and you were unable to work, would you have enough money set aside to cover your day-to-day bills and look after your family? Read more…

 

  • Reduce Your Taxable By Prepaying Your Income Protection Income  How paying for next year’s income protection in this financial year can reduce your taxable income this year and provide you with protection for the year ahead. Read more…

 

  • How Much Life Insurance Is Enough?  In May 2005, a study conducted on behalf of the Investment and Financial Services Association (IFSA) estimated that as many as 60% of all Australians are underinsured. Read more… 

 

  • Personal Insurance for FIFO Workers    Insurers have long been reluctant to cover Australians working in the mining, oil or gas industries as they are considered amongst the most dangerous workplaces.  With the increasing prevalence of a “fly in, fly out” workforce, insurers have  taken another look at how they approach employees in these industries.  Read more…

 

  • Before You Cancel Your Life Insurance  If you’ve held your Life Insurance Policy for some years, it is quite possible that your personal circumstances have changed since the policy was purchased and you might be wondering if you still need insurance at the same level or at all.  Read more…

 

  • Agreed Value Versus Indemnity Value Income Protection Your income is one of your most valuable assets. When choosing to insure your income you’ll need to decide whether an Agreed Value or Indemnity Value Policy is best for you. Read more…

 

Want more details? MADI Insurance Policies Explained

Information for your Customers – Business Insurance:

  • Key Person Insurance Key Person insurance protects a business against the death or disablement of a person key to the business’s operation. Read more…

 

  • Buy / Sell Insurance Protecting the ongoing viability of a business based on a partnership. Read more…

 

457 Visa Insurance / Working Visa Holders:

  • Temporary Resident Underwriting Guidelines Insurance coverage guidelines and criteria for holders of 457 Visa, Spouse Visa or 163 Visa.  Read more…

 

  • Income Protection 457 Visa Holders Ensure your stay in Australia will not be cut short by accident or illness. Read more…

 

  • Business Owner Visa Insurance If you’ve bought a business in Australia there are a number of insurance types that can protect your business and your family against financial hardship in the event of illness, accident or death. Read more…

 

Expatriate Life Insurance

Information about Life Insurance Coverage for Australians currently, or considering, living overseas. Read more…

Newsletter Archive

December 2013
October 2013
August 2013
May 2013