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Albany and the Great Southern
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Changes to super laws may cancel your insurance … very important information for your Estate…

As of 1 July 2019, new  super laws will provide that your super fund must cancel your insurance cover if no new money has been added to your account e.g. a contribution or rollover for 16 continuous months – unless you state you would like to keep your insurance!

While this may reduce the amount of premiums deducted from your super balance, it can have a dramatic effect on the amount of your Estate in the event you pass, or your befit if you are permanently disabled. A crucial matter of which to be aware, and discuss with a lawyer or financial planner if you have any questions.

By | 2019-05-10T06:26:19+00:00 May 10th, 2019|Springdale News|0 Comments

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