SMSF Life Insurance Reviews provide a quick, easy, online tool for you to proactively help your clients document their compliance – in a few clicks.
Life insurance compliance made easy
For Accountants & Trustees
Life insurance compliance made easy
for
Accountants Trustees
Accountants
Trustees
Your once per year
insurance audit check
No sales spin or product selling, just pure and simple factual information for you and your clients.
WE ARE HERE TO HELP
Each year, your SMSF trustee clients need to consider life insurance for the members of their fund, which also includes liquidity, liabilities and cash flow requirements as part of the funds investment strategy.
SMSF Life Insurance Reviews is your once per year insurance audit check that you can complete in a few clicks online for your SMSF trustees.
You will enjoy 1 click data syncing between your SMSF Life Insurance Reviews dashboard and the BGL and Class administration platforms, plus SMSF Life Insurance Reviews will also help you track and manage your clients life insurance advice requests with your preferred providers.
Link with these systems
through SMSF Life Insurance Reviews
Compliance has never been simpler
The cloud based platform makes it easy for your SMSF clients to document that they have considered life insurance for their fund members: removing the risk of non-compliance - all in a few clicks.
1
Client setups
Sync all of your clients in 2 clicks
2
Once per year insurance audit check
Completed in seconds
Done!
See you in 12 months
Discover the many benefits
Import all SMSF clients and complete the one off setup in less time than it takes to power up your laptop.
Should your client require further insurance advice, you can help them with selecting someone they can trust.
Provides a record of insurance consideration for your clients annual audit.
The SMSF Life Insurance Review process is independent of product providers and provides your SMSF clients with factual information and an objective approach to considering life insurance, so that they can make an informed decision about seeking life insurance advice for fund members or not.
SMSF clients can avoid fines by complying with this important area of the SIS Act Investment Strategy Operating Standard.
Help protect your clients and your firm from aggressive insurance litigation lawyers.
The full life insurance consideration process can also assist with SIS Reg. 4.09 (2) (c) and (d), by reminding trustees to also consider liquidity, cash flow requirements and the ability of the SMSF to discharge existing and prospective liabilities, if an SMSF member dies or is disabled.
Link with these systems
Link with
these systems
through SMSF Life Insurance Reviews
Understanding
the "why"
The Governments Cooper Review found that less than 13% of SMSF’s held any form of life insurance, resulting in SIS Reg. 4.09 (2) (e) being added to the SMSF Investment Strategy Operating standard.
*SIS Regulation Operating Standard 4.09*
(2) The trustee of the entity must formulate, review regularly and give effect to an investment strategy that has regard to the whole of the circumstances of the entity including, but not limited to, the following:
- (c) the liquidity of the entity’s investments, having regard to its expected cash flow requirements;
- (d) the ability of the entity to discharge its existing and prospective liabilities;
- e) whether the trustees of the fund should hold a contract of insurance that provides insurance cover for one or more members of the fund.
Australia's
#1 Simplest
Life Insurance Compliance for SMSF's
SMSF Life Insurance Reviews are not just another SMSF website. Our founders have worked alongside accountants for over 30 years.
We created this technology to help you ensure this type of compliance is quick and simple for you and your SMSF clients.
