How the business life insurance application process works
Applying for business life insurance in Australia usually involves more than requesting a quote. Insurers may ask about the business, the insured person, the purpose of cover, financial evidence and health information before offering terms. - read more
Who should own a business life insurance policy?
Business life insurance ownership affects who controls the policy, who receives a claim payment, and whether the cover supports key person, buy-sell or debt protection planning. This guide explains common ownership and beneficiary structures for Australian businesses. - read more
Understanding Buy-Sell Insurance: A Guide for Australian SMEs
Buy-sell insurance is a financial strategy primarily focused on small to medium-sized enterprises (SMEs). It involves an agreement among business partners to manage the transfer of ownership shares in the event of a significant change, such as the departure, disability, or death of a partner. Essentially, it's a safeguard designed to ensure business continuity during tumultuous times. - read more
Tax treatment of business life insurance in Australia
Business life insurance premiums and payouts may be treated differently for tax purposes depending on the policy purpose, ownership structure and who receives the proceeds. This guide explains the general Australian tax principles for key person, buy-sell and debt protection cover. - read more
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