Eon Financial Group Smsf Podcast

EON speak to Michael Reid from AIA Insurance about the underwriting process. We felt that if trustees could have a better understanding about what happens behind the scenes when you apply for insurance in your fund, another barrier would be broken down to stop trustees implementing the appropriate amount of cover to protect themselves.Insurance is a way to share the risk of the life events impacting on your retirement strategy. By sharing the risks with an Insurance company you are effectively moving the risk from your self to a large institution. Underwriting is the process where insurance companies assess the risk of you making claim. By going inside the underwriting process you will be better informed about this important process.Compound your wisdom!