bankruptcy life insurance

What happens to your life insurance in the event of bankruptcy?

The number of bankruptcies in Australia fell 11.2% in the March quarter 2015 (4,379), compared to the March quarter 2014 (4,932) and increased 4.8% compared to the December quarter 2014 (4,179)1. So what is the treatment of life insurance proceeds, both outside and inside super, in the event of bankruptcy?

Bankruptcy & Life Insurance

Hayden White

Hayden has worked in the financial services for last 15 years and provides specific direct equity investment advice both for clients that require portfolios inside and outside superannuation.