CCA Financial Planners

Default Income Protection for MySuper

Income Protection Insurance, SuperannuationBy Christopher Cachia 12.10.12 Leave a comment

During Sydney’s AIA Australian Group Insurance Summit, result of polled 32 executives from 26 retail and industry funds and related consultancies was disclosed. It showed that over 50% of Australian superannuation funds will offer default income protection for MySuper. Representatives from BT Financial Group, REST Industry Super, Rice Warner Actuaries and Chant West responded differently…

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Unawareness Slows Insurance within SMSF

Life Insurance, SuperannuationBy Christopher Cachia 10.10.12 Leave a comment

AIA Australia said a poll result showed slow adoption of life insurance within self-managed super fund. The survey of over 400 financial advisers that included accountants, brokers and advisers said SMSF trustees’ “knowledge gap on life insurance” was the reason. About 45% of respondents said less number of clients had life insurance within SMSF and…

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Reduced Interest Rates

FinanceBy Christopher Cachia 05.10.12 Leave a comment

The NAB and CBA have today announced a reduction in their variable mortgage rates of 0.2%. While this is not the full 0.25% cut by the Reserve Bank on Tuesday, it is certainly welcomed by all of us with a mortgage. NAB’s cut will come into effect on October 8, saving $50 per month on…

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Why do I need income protection insurance if I have workers’ compensation?

Income Protection InsuranceBy Christopher Cachia 03.10.12 Leave a comment

Have you ever wondered what would happen if you suffered a serious injury or illness which meant you were unable to work? For many people, the reality of being without the means of earning an income could mean significant financial hardship for them and their families. As an employee your employer will (or should) have…

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Buy/Sell Life Insurance Agreements – a Business Guarantee

Life InsuranceBy Christopher Cachia 26.09.12

Business partnerships are common but there is a concern about the business surviving the tide should one of the partners die or suffer a permanent disability. Typically, a successor is not the immediate solution to a surviving partner but it may be difficult not to have one if the business has to continue. The remaining…

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Taking on Life Insurance for SMSF Member

Life Insurance, SuperannuationBy Christopher Cachia 24.09.12 Leave a comment

As the sole earner or as a contributing earner in a family, life insurance is important. Family members may suffer financially in the event the earner meets an untimely death. The financial burdens to take care of can be tough. Ensuring that there is financial security in place will help keep the family from economic…

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