A sticky situation or as sweet as honey? Insurance claims, trends and challenges

February 23, 2023

Presentations, Technical Resource
Investment standards

National Conference 2023

This session examines the trustee obligations in relation to having an insurance strategy for each member of the fund, how these strategy decisions may influence a successful claim payment from the insurance company and how these decisions may also impact the net benefit payment to a member or beneficiary.

This session will:

Analyse various life insurance legal cases that highlight how product terms, conditions and definitions can impact a claim payment
Examine life insurance industry trends in relation to causes of claims (disease, injury, illness) and types of claims (death, permanent incapacity, temporary incapacity)
Highlight the impact of taxation and beneficiary nominations in relation to net benefit payments at claim time..

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The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association