Life insurance

Life insurance

1. The financial importance of life insurance

   • The insurable hazards of human life

2. Evolution of life insurance products

   • The changing insurance landscape
   • Impact on insurance premiums
   • Impact on policies

3. Life insurance policies

4. Policy types

   • Whole-of-life and endowment policies
     • Bonuses
   • Term life insurance
   • TPD insurance
   • Trauma insurance
   • Income protection insurance
   • Premium types
     • Stepped premiums
     • Level premiums
     • Hybrid premiums
     • Suitability
   • Business overheads insurance
   • Insurance bonds
     • Ten-year rule
     • Insurance bond redemptions
     • Switching units
     • Children's policies
   • Annuities
   • Group insurance products
     • Policy benefits
     • Policy exclusions and offsets
     • Purpose
     • Availability
     • Taxation

5. Business uses of life insurance

   • Overview
   • Key person insurance
     • Key person revenue
     • Key person capital
   • Business liability
   • Buy-sell insurance
   • Business overheads insurance

6. Insurance through superannuation

   • Deductions for the future liability to pay benefits
   • Payment of a death benefit from a life insurance policy to a non-dependant
   • Payment of a death benefit from a life insurance policy to a dependant
   • Lump sum superannuation death benefits paid to the trustee of an estate
   • Trauma insurance
     • Preservation
     • Taxation

7. Life insurance documentation

8. Insurance claims

   • Death claims
   • TPD claims
   • Trauma insurance claims
   • Income protection claims

9. Taxation

   • Assessable income of insurance companies
   • Tax financial advice