Search results for: “Insurance”
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How to reduce insurance premiums within your super fund
Insurance premiums within super funds can sometimes be a significant expense, eating into your retirement savings. However, there are strategies you can implement to reduce these premiums and maximize your superannuation benefits. In this article, we will explore various ways to lower Insurance costs within your super fund, helping you boost your retirement savings in…
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Can you claim multiple superannuation insurance benefits at once?
Superannuation insurance is designed to provide financial protection to individuals in the event of injury, illness, or death. It is a valuable benefit that many people rely on to safeguard their financial well-being. However, a common question that arises is whether it is possible to claim multiple superannuation insurance benefits at once. In this article,…
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What happens to income protection insurance when you retire?
Insurance is a valuable financial tool that provides a safety net for individuals in the event they are unable to work due to illness or injury. It offers a regular income to replace lost earnings during the period of incapacity, ensuring that policyholders can meet their financial obligations during a challenging time. However, what happens…
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What happens to your superannuation insurance if you stop working?
Superannuation insurance is an important aspect of many people’s financial planning. It provides a safety net in case of unexpected events such as illness, injury, or death. However, what happens to your superannuation insurance if you stop working? This question can be a source of confusion for many individuals. In this article, we will explore…
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How life insurance payouts from superannuation are taxed
Life insurance payouts from superannuation can be a complex topic, especially when it comes to understanding how they are taxed. When someone passes away and their life insurance policy held within their superannuation fund pays out, there are specific rules and regulations that dictate how these funds are treated for tax purposes. In this article,…
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How to ensure your superannuation insurance meets your needs
Superannuation is a crucial aspect of financial planning for many individuals, especially as they approach retirement. It provides a source of income in retirement, and often includes insurance coverage to protect against unexpected events such as illness, injury, or death. However, it is essential to review and ensure that your superannuation insurance meets your specific…
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What are the pros and cons of holding insurance inside superannuation?
Insurance within superannuation can be a valuable tool for individuals looking to protect themselves and their loved ones financially. However, like any financial decision, there are pros and cons to consider when it comes to holding Insurance inside superannuation. In this article, we will delve into the advantages and disadvantages of this approach to help…
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Superannuation: Critical Life Insurance Protections for 6 Million Australians
In a recent study conducted by the Association of Super Funds Australia (ASFA), it has been revealed that superannuation plays a vital role in providing life insurance coverage for millions of Australians. The research highlighted the significance of insurance provisions within super funds, emphasizing that they offer crucial protection to individuals who might otherwise go…
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Life Insurance in Super
Life insurance within superannuation, commonly referred to as ‘life insurance in super’, is a valuable financial product that provides individuals with protection and peace of mind. In Australia, superannuation funds often offer life insurance as part of their package to members, ensuring that they and their loved ones are financially secure in the event of…
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Income Protection Insurance
What is Income Protection? Income Protection is an insurance policy that pays you a regular income stream if you’re unable to work due to illness or injury. This benefit replaces a portion (usually up to 75%) of your pre-disability income for a set period, typically ranging from 2 to 5 years. It acts as a…