Bob Posted November 14, 2015 Report Share Posted November 14, 2015 We all take out house bonds (mortgages) and put ourselves deep in debt at some stage of our lives.Life insurance covers the risk in case anything untoward happens to us while we still owe mega bucks. . . . . . but . . . . you don't need to pay mega bucks to be insured against your life if you are a smart operator.We are all in the Australian workforce, right??That means we all get a percentage of our gross wages / salary paid into a superannuation fund to pay for our retirement in years to come.Most superannuation funds, in particular all the "Industry" super funds, will allow their members to take out life insurance thro the superannuation fund at "bulk" coverage rate.Whereas you may pay $1,000 a year in life insurance premiums to a private life insurance company, the superannuation fund do a deal with the big life insurance companies to cover their members at really great premiums, saving you 50% to 60% of what you would ordinarily have to pay, if insuring yourself privately.Check out the various super funds within certain industries http://www.industrysuper.com/?gclid=CPDN9qD5jskCFYgsvQodt94GzgLook at their life insurance policies, what they cover and how much they cost.I think you'll be pleasantly surprised.Enjoy! 4 Quote Link to comment Share on other sites More sharing options...
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