Macquarie Life links super and non-super cover
In a response to adviser demand, Macquarie Life has linked super and non-super cover with the launch of Superannuation Optimiser.
The linking of policies allows own occupation total and permanent disability (TPD) cover to be split across both superannuation and non-superannuation while Macquarie Life’s Super Protector and FutureWise can also be joined.
This means trauma cover that is only available through non-superannuation policies can be tied with life and/or TPD cover within superannuation.
The linking of the two covers will allow for both the tax efficiencies obtained through cover with superannuation and the flexibility of release conditions available with non-super cover, according to Macquarie Life head Justin Delaney.
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