Insurance through super

Think your super is just a nest egg? Think again. Join Ange and Alex as they discuss the often-overlooked world of insurance in super with Bart Healy from Rest. From life insurance through to income protection, learn why having insurance through super could be a secret weapon if the worst were to occur. 

 

Insurance explained - https://rest.com.au/insurance/understanding-insurance

ATO: Lost & unclaimed super figures - https://www.ato.gov.au/about-ato/research-and-statistics/in-detail/super-statistics/super-accounts-data/super-data-lost-unclaimed-multiple-accounts-and-consolidations/trend-towards-single-accounts

ASIC MoneySmart Life Insurance Claims Comparison Tool - https://moneysmart.gov.au/how-life-insurance-works/life-insurance-claims-comparison-tool

ATO: Multiple super accounts statistics - https://www.ato.gov.au/about-ato/research-and-statistics/in-detail/super-statistics/super-accounts-data/super-data-lost-unclaimed-multiple-accounts-and-consolidations/trend-towards-single-accounts

Income protection statistics for mental health - https://www.tal.com.au/claims/claims-paid

 

Disclaimer:

Keep in mind that tax rules can be tricky and are always changing. The information provided here is for general informational purposes and should not be considered as tax advice. For advice that fits your own situation, it's best to chat with a licensed tax professional.

Product issued by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 240003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund). Any advice is general and does not take account of your own objectives, financial situation or needs. Before acting on any advice, consider if it’s appropriate for you. Before deciding whether to acquire or continue to hold this product, consider the PDS and TMD at http://rest.com.au/pds

The cost of providing financial services is included in the fees as disclosed in the relevant PDS. Rest and the Fund do not charge additional fees or pay or obtain commissions for advice provided. Rest employees are paid a salary and do not receive commissions or fees for the advice provided to you. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited, a wholly owned company of Rest, manages some of the Fund’s investments. Rest has no other relationships or associations with any related body corporate or product issuer that might reasonably be expected to influence Rest in providing financial services. For more information, contact us at http://rest.com.au/contact-u