You’re earning good money in your trade or as a miner moving towards your retirement.
You’re paying for your income protection insurance, however you feel the expense is becoming a burden as your premiums continue to increase each year, you’d rather put the money in the bank, but you’re also worried if you cancel your cover you have no protection.
Are you aware retail companies now allow you to split your benefit so that your super fund pays around 80%, whilst you only pay 20% directly, allowing you to maintain all the comprehensive benefits of a policy owned out of super, reducing the burden on your cash flow.
You’ll also find from the age off 55 onwards there are strategies allowing you to put more money in super to help you off set your insurance premiums paid from your super fund, whilst at the same time being able to maintain the same take home pay.
If this is you and you want to know more on how to save on premium costs, whilst maintaining a comprehensive policy, contact us to talk to an expert today. email@example.com