Did you know that all employer’s default super funds must offer a minimum level of life insurance?
There are benefits to having your insurance cover in super but it’s important to be aware of the finer details says Fiona Parker, General Manager of Wealth Know How (www.wealth-knowhow.com.au), Australia’s fastest growing independent online financial education website
“Our new video ‘Life insurance through superannuation’ looks at all aspects of insurance including how super funds typically have three types of insurance for members, the sort of conditions to expect and what this really means to fund members.
“Insurance can be complex and this series will help consumers to better understand the different types of insurance available, how much is needed, and exactly how insurance works within superannuation,” she said.
“We have seen an increased interest in our videos covering insurance over this last financial year,” said Ms Parker.
“The average Australian faces complex pressures on their finances and so are interested in going back to the basics to learn more,” she said. “Our online videos offer viewers quick, easy to understand ways on how to manage different aspects of their finances.”
“Insurance lies at the foundation of every financial plan” says co-Founder, George Lucas.
“It can be a real challenge to understand the range of insurance available and which serves your needs best, particularly when you have to factor in superannuation.
“The Wealth Know How series of insurance videos is designed to help people understand the basics so that they can ask the right questions in order to find the right solution for themselves and their family,” he said.
The Wealth Know How website enables consumers to go online to learn how to take charge of their own finances. It offers short, easy-to-watch videos on a range of personal finance topics.
These easy-to-understand financial education videos on the Wealth Know How website cover areas such as term deposits, self- managed superannuation funds (SMSFs), shares, tax, and property investment. The video clips are free to consumers online.
