Wheeling and Dealing

FAQs

Life Insurance FAQs

1.Tax

Q. Are any of these premiums tax deductible?

2. Changed Circumstances

Q. What if my circumstances change can we adjust this insurance to take account of that?

3. Underwriting

Q. Will I have to have a medical exam for this insurance?

4. Affordability

Q. What if what I need is more than I can afford right now?

5. Pre-Exisitng Conditions

Q. I have had some serious health issues, am I going to be able to get insurance?

6.Fees and Charges

Q. How much does your service cost?

Buy/Sell & Keyman FAQs

7. Buy/Sell & Keyman

Q. With our buy/sell funding arrangement how do we deal with changing share ownership etc.

8. Cancelling Buy/Sell & Keyman Insurance

Q. Should the keyperson I have insured leave my employment am I stuck with the insurance?

9. Uninsurable

Q. What if one of the shareholders can’t get life insurance?

10. Agreement

Q. How does buy/sell funding work?

11. Insurance Payouts

Q. Is the payout of these keyperson insurances taxable?

Superannuation FAQs

Q. Changes to super rules in the past 2 years?

Q. What are the advantages of an employee sponsored super fund?

Q. What are the advantages of salary sacrifice to superannuation?

Q. What is salary sacrifice and how does it work?

Q. Will I qualify for the Government co-contributions and how much do I contribute?