Insurance Through Super | Hewison

Insurance Through Super

As the name suggests, the protecting your super legislation was designed to protect your super savings from being eroded if you have a low account balance of $6,000 or less. This does have implications for insurance cover through super. If you hold insurance through a super account that has become inactive, the insurance is automatically cancelled.

Insurance through super is not available if your account is inactive unless you advise the super fund that you wish to retain the insurance.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.