Life insurance

b_serong
Mind Map by b_serong, updated more than 1 year ago
b_serong
Created by b_serong about 4 years ago
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Mind Map on Life insurance, created by b_serong on 02/26/2016.
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Resource summary

Life insurance
1 The financial importance of life insurance
1.1 The insurable hazards of human life
2 Evolution of life insurance products
2.1 The changing insurance landscape
2.2 Impact on insurance premiums
2.3 Impact on policies
3 Life insurance policies
4 Policy types
4.1 Whole-of-life and endowment policies
4.1.1 Bonuses
4.2 Term life insurance
4.3 TPD insurance
4.4 Trauma insurance
4.5 Income protection insurance
4.6 Premium types
4.6.1 Stepped premiums
4.6.2 Level premiums
4.6.3 Hybrid premiums
4.6.4 Suitability
4.7 Business overheads insurance
4.8 Insurance bonds
4.8.1 Ten-year rule
4.8.2 Insurance bond redemptions
4.8.3 Switching units
4.8.4 Children's policies
4.9 Annuities
4.10 Group insurance products
4.10.1 Policy benefits
4.10.2 Policy exclusions and offsets
4.10.3 Purpose
4.10.4 Availability
4.10.5 Taxation
5 Business uses of life insurance
5.1 Overview
5.2 Key person insurance
5.2.1 Key person revenue
5.2.2 Key person capital
5.3 Business liability
5.4 Buy-sell insurance
5.5 Business overheads insurance
6 Insurance through superannuation
6.1 Deductions for the future liability to pay benefits
6.2 Payment of a death benefit from a life insurance policy to a non-dependant
6.3 Payment of a death benefit from a life insurance policy to a dependant
6.4 Lump sum superannuation death benefits paid to the trustee of an estate
6.5 Trauma insurance
6.5.1 Preservation
6.5.2 Taxation
7 Life insurance documentation
8 Insurance claims
8.1 Death claims
8.2 TPD claims
8.3 Trauma insurance claims
8.4 Income protection claims
9 Taxation
9.1 Assessable income of insurance companies
9.2 Tax financial advice
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