Insurance
through
Super
You
may
think
insurance
cover
is
unnecessary
-
especially
if
you're
fit
and
healthy.
But
it's
important
to
be
covered
so
you
and
any
dependants
are
protected
in
case
the
worst
happens.
The
advantages
of
having
insurance
through
your
super
fund
are:
- most super funds offer some death, disability and often income protection insurance without medical examinations
- super funds are able to buy insurance at a discount which means you pay less
- you don't have to find extra money to pay the premiums as they are deducted straight from your superannuation account, leaving you with more money in your pocket
- you may also get higher levels of cover within super for the premiums that you pay, compared to insurance outside of super.
The
personal
insurance
offered
by
your
superannuation
fund
really
is a
service
for
you
to
take
full
advantage
of.
Superannuation
funds
such
as
Statewide
provide
automatic
insurance
for
employer
sponsored
members.
This
includes
two
units
of
death
and
disability
insurance
and
up
to
eight
units
of
income
protection,
depending
on
your
salary.
