Insurance cover may help protect you against life’s uncertainties. It can help protect your income, wealth, lifestyle and even your family. By having an insurance strategy, you can relax knowing that you have taken an important step towards protecting you and your family’s lifestyle.
Insurance through your super account may be a tax-effective way to cover the cost of insurance outside of your take home pay and you don’t have to remember to pay for it. Contributions are generally taxed at a concessional rate of 15%. Please speak with your financial adviser or a registered tax agent to obtain financial advice tailored to your own personal circumstances.
You may also, depending on the product, be eligible for automatic acceptance, meaning that you won’t be required to undertake any medical tests, or provide any evidence of good health to the insurer. The types of insurances available, conditions and level of your insurance cover will be specific to the super product or your plan – and are set out in the Product Disclosure Statement and/or Insurance Guide.