life insurance and tpd insurance for smsf, page-2

Great idea.

Premiums within the fund are tax deductible whilst in your individual name they are not. Just make sure if you have tpd in your super fund though that the insurance claim provisions and your conditions of release for tpd are aligned.

You may be able to make a claim but unable to access the money as a condition of release (as per your deed) has not been met.

Also ensure any income protection is NOT in your fund. Always have that under your individual name. Again your fund may be able to make a claim but you would not be able to access the money unless the normal conditions of release have been satisfied.