Nick is 34 and came to see us as he had multiple super funds and didn’t know which one to keep. We reviewed each fund from a cost and investment option perspective and considered any insurance he held within the funds.
We provided recommendations to consolidate all the super funds into an industry super fund to keep the costs as low as possible. We advised Nick to establish life, total and permanent disability, critical illness, and income protection insurance. Some of the cover could be funded from the super fund, with Nick paying a portion of the premiums to minimise the impact on his cash flow and his young family.
We assisted Nick with his application through to it being placed in force. He was pleased with the outcome and felt safe knowing that he and his family were protected if something were to happen to him.