When it comes to personal insurance, having some insurance is better than nothing, however just having an insurance policy in place does not mean you are adequately insured. If you hold your personal insurances through an Industry Super fund, you may not have the insurance cover that you think you do. The true value of any insurance policy comes in the wording of the policy. The devil really is in the detail.
Super Challenge #3 - But I thought I was covered!
If you have Life Insurance, Income Protection or Total and Permanent Disability Insurances held through your Super Fund... it doesn’t mean you are covered.
In the third of our “Super Challenge” series, we challenge you to check on your insurance cover. It may not be all it’s cracked up to be. Unfortunately, without checking most people only find out that their insurance is inadequate when they need it most – when they make a claim.
Safeguarding your income
Imagine how different you and your family’s life would be without your income. Home and car loan repayments, day-to-day household expenses, children’s school fees and the occasional treat or trip are just some of the expenditure that depends on your ability to earn an income. This asset should not be taken for granted. Here, we collate our top three benefits of securing income protection TODAY.