Research performed by Rice Walker Actuaries estimated that around 5.4 million families are exposed to the risk of financial hardship due to the under-insurance problem in Australia.

In dollar terms the under-insurance gap - that is, the difference between cover held and the cover needed to protect against financial risk if things go bad - is now put at around $1.370 trillion.

Further research suggests that small business owners and the self employed are the most chronic sufferers of personal under-insurance, and in reality they are the ones who probably need it the most. They are also more likely than any other group to have their own Self Managed Superannuation Fund (SMSF).

Industry employees and members of generous employer sponsored super funds, generally have the benefit of Group Life Insurance cover under their corporate fund with automatic acceptance levels of entry ...members of SMSF's do not have this opportunity.

Until now, SMSF Members and Trustees have been required to purchase Life & Disability Insurance via the same old traditional retail distribution channels which are usually expensive, complex and time consuming.

At FCA we provide a quick, simple and time effective way to purchase Life & Disability Insurance within your Self Managed Super Fund or under a Life Company Super Fund.

Personal Insurance within a Self Managed Super Fund or under a Life Company Super Fund offers significant tax advantages and further changes made to Superannuation in the 2007 Federal Budget offer further advantages surrounding Reasonable Benefit Limits.