“You can’t have own occupation inside super, and we like to have life and TPD inside super just because it’s tax deductible”

Stuart Weems · Investopoly · Ep 431: How much life insurance do you need: And when to cut it

Play from 9:38
9:38

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What was described

Hold life and TPD insurance inside superannuation accounts to make premiums tax-deductible

Said nearby on the same subject

“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 ·
“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”
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Said on The SME Stream
How they work Share this moment
“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”
♫
Said on Entrepreneurs on Fire
How they work $4 million initial IRA; projected $12 million tax-free benefit to heir… Share this moment
“I finally figured out how to do it inside my super… the extra percent can cover my insurances”
♫
Said on She's On The Money
Business model Share this moment

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