Priority Protection
Priority Protection provides a selection of cover options to cater for a broad range of insurance needs.
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{{label}}We know the importance of having access to technical experts to help you with your client considerations and recommendations. Our technical page will help you self-educate on key advice areas.
Further resources such as the AIA Insurance Tax Guide and Business Protection Fact Find are available to AIA Advisers on the Adviser Site. For more information, contact your AIA Australia Client Development Manager.
From 1 July 2017, eligible clients can claim a tax deduction for personal super contributions regardless of their employment status. The concessional contribution checklist will assist you in determining:
The non-concessional contribution decision tree can help you to determine your client's non-concessional contribution cap for the 2019/20 financial year.
Download nowThis guide can be used with clients to help them compare the value of $1,000 worth of premium and how much it will cost when paying with pre-tax dollars versus paying with after-tax dollars. Examples shown are a visual guide, comparing the gross cost at each individual tax rate.
Download nowThe life and TPD comparison table compares the key factors to consider when owning life and TPD insurance inside/outside of super.
Download tableThe super life and TPD insurance tax calculator will assist you in determining the tax payable for claims paid in the 2019/20 financial year:
By knowing what the likely tax impost is, advisers will be able to more precisely gross up the sum insured for a given client scenario.
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Download the calculatorAll employers should have been using SuperStream since 30 June 2016. Review our frequently asked questions and avoid the risk of non-compliance.
Download the guideThis article outlines five potentially adverse knock-on effects of a super rollover. These should be considered as part of any recommendation to fund super life cover using a rollover agreement, both for existing and prospective policies.
Download paperGet clarity around superannuation nomination of beneficiary forms.
Download paperExplore some of the key technical issues surrounding ownership of Priority Protection super life cover.
Download the facts about life cover in superOur case study compares the super lump sum versus income stream option for individuals that become permanently disabled.
Download the case studyThis article addresses the key differences between super and non-super ownership, including how split insurance policies may provide clients with the best of both worlds.
Find out moreThis article addresses the key differences between super and non-super ownership, including how split insurance policies may provide clients with the best of both worlds.
We explore how super law provides a niche opportunity for clients to access salary sacrificed contributions upon temporary disablement.
Find out moreThis paper outlines the ways in which the premium tax deduction may be passed on to members where AIA Priority Protection life or disability insurance is owned by the AIA Insurance Superannuation Scheme No2, the member's SMSF, or the member's platform super fund where that fund is one of AIA's PPPI partners.
Learn more about protecting your super legislation - especially on how it could affect your clients, as well as tips to protect their insurance policies within super.
Learn moreRead more about the protecting members’ interests first legislation, what it means for your clients and what actions are needed.
Find out moreThis guide provides a brief overview of the key differences between buy/sell and key person cover, including how both types of cover are generally owned, tax implications on payout and other issues to consider.
Download the guideThis guide provides a summary of the different policy ownership structures that are available when funding a business succession plan with insurance. Included are the key advantages and disadvantages to consider when advising clients on how the policy should be owned for buy/sell cover.
Download the guideOur case study highlights why self-ownership is a preferred ownership structure for buy/sell insurance cover.
Learn moreWe summarise what the ATO's views are on funding buy/sell agreements through super and what this means for financial advice.
Read our updateThe following case study highlights the importance of having a well drafted buy/sell agreement in place with supporting insurance policies to fund the exchange of shares in the business.
Learn moreDo you have a technical question about an advice strategy? Do you need to find technical resource material? Whether it’s simply working through the pros and cons of having insurance inside or outside super, or optimal structuring for taxation or asset protection, we’re here to help.
Our expertise covers personal and business insurance, estate planning, taxation, superannuation and social security, and we have deep product knowledge and benefit selling expertise as well. Just drop us a line.
Michael Flynn
Technical Sales Training Manager
Natasha Panagis
Technical Manager
Seon Sweet
Technical Manager