CommInsure Protection’s SMSF Plan is closed to new business. Existing customers can still increase, decrease, add options and obtain replacement policies. They will also continue to receive product improvements to ensure they provide ongoing valuable, contemporary protection.
Note: Existing clients aren’t able to change indemnity income protection to agreed value effective 1 April 2020.
This product is a customised, easy to use product designed to offer SIS-aligned cover to SMSF trustees. This has the potential to reduce the compliance burden on trustees when selecting a product as the cover has been specifically designed to comply with the rules relating to holding insurance in super.
CommInsure Protection’s SMSF Plan offers:
- Life Care
- Total and Permanent Disability (TPD)
- Accidental Death Cover must be taken with a minimum $10,000 Life Care and must not be greater than Life Care amount
- Income Protection
- Essential Cover (Income protection cover for accidents only)