Death benefits | Underinsurance | Portfolio rebalances | Agreed value | Child care | COVID-19
In this month’s newsletter, we begin by discussing reversionary beneficiary nominations. Our animation illustrates the issue of underinsurance in Australia, which is present in both the personal and general insurance space. The returns of asset classes can affect a chosen asset allocation; we explore the importance of rebalancing an investment portfolio. APRA has released measures aimed at improving the long-term sustainability of income protection insurance; we provide an overview of these measures. We also share with you a video by ABC News on the cost of child care, and the impact this is having on some Australian households.
Lastly, with considerable attention being given to the coronavirus disease (COVID-19) outbreak by media outlets and the like, we have included an animation by WHO that provides information and guidance on the disease.
Reversionary beneficiary nominations
Upon commencing a pension, you may have the option to nominate a reversionary beneficiary. In this article, we discuss the facts on this type of superannuation income stream death benefit nomination.