TEO PARTNERS - Tax treatment of premiums and benefits

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Tax treatment of premiums and benefits

If you take out Life Insurance, Total and Permanent Disability Insurance or Income Protection Insurance via your super fund, all premiums are paid from your pre tax earnings.

For insurance premiums paid outside of super the following tables applies:

Product	Premiums	Benefit
Income protection insurance	Premiums are tax deductible	Tax will apply to any benefit payments
Term Life Insurance	Premiums are not tax deductible	Tax does not apply to benefit payments
Total and Permanent Disability Insurance:	Premiums are not tax deductible	Tax does not apply to benefit payments
Trauma Insurance	Premiums are not tax deductible	Tax does not apply to benefit payments