I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

SMSF Insurance

Like yourself, more and more passengers are working to become a driver themselves to have a better control and for their future.

Often, the last thing on a driver's mind is insurance. But there's no turning once you're around the corner. It's ideal to maintain your quality of life and your dreams for your family's future. And this can be achieved through SMSF insurance solution.

Legally, as a trustee of a self-managed super fund, you are required to consider the insurance needs of your members and review these annually. Beaches can result in significant penalties of up to $70,000. Life insurance is also crucial for estate planning, especially if you borrow to invest. And of course, there are the tax advantages that a real life insurance can provide.

An SMSF Insurance Plan

An SMSF insurance plan can provide insurance cover for leading insurance specialists. Depending on how much homework you do, it could be easy to apply for and is very affordable. There are a lot of insurance companies in the business that can help Australians like you get life insurance.

An SMSF insurance plan can also give you access to wholesale premium rates which are less expensive than traditional premium rates. There are also some cover types you can choose from. If the worse should happen, unlimited death cover provides a lump sum benefit to your family. In the case of sickness or injury, TPD cover provides a lump sum benefit of up to $3 million to your family.

If you are currently unable to return to work, income protection has the ongoing monthly income of up to $30,000 per month. You may already have life insurance with a retail industry fund, think it might be easier to maintain rather than apply, or is more cost-effective. However, an SMSF insurance plan can also make transfer arrangements.

For more information about SMSF Insurance, go to www.australiansuperfinder.com.au

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