“We like step premiums because it gives us flexibility… there’s no point locking in a level premium for $3 million of life cover”
SW
Stuart Weems
Investopoly ·
Stuart Weems · Investopoly · Ep 431: How much life insurance do you need: And when to cut it
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Hold life and TPD insurance inside superannuation accounts to make premiums tax-deductible
“We like step premiums because it gives us flexibility… there’s no point locking in a level premium for $3 million of life cover”
“You can do what I call an asset list, which is my KiwiSafe ... life insurance is worth ... bank accounts with ANZ, Westpac ... shares with Sharesies”
“We put your 4 million into an income annuity… we put it into a life insurance policy, put the life insurance policy into an irrevocable life insurance trust… 12 million free of taxation to his children”
“I finally figured out how to do it inside my super… the extra percent can cover my insurances”
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