You may have superannuation benefits in the form of insurance that you can access. Sometimes you have disability insurance (even a small amount) via your superannuation fund that is set at a default level and the premiums are taken from your superannuation balance.

You may have trauma, total and permanent disability, or income-protection insurance – check with your provider, preferably before something happens to see what cover you can get. Group insurance via your superannuation fund is typically cheaper than retail insurance premiums, but you need to make sure you have enough. This might mean getting advice from your superannuation fund or your financial adviser/accountant.

There are also strict rules around when you can and cannot access your superannuation funds, but it might be possible to get access to funds earlier than your retirement date. Rules apply regarding terminal illness, disability, and other circumstances, so ask us and we can help guide you.

Write your own story. Call Vanessa Ash and Associates today.