Protect your lifestyle today
When you sign up with Cashel Super, you will have the opportunity to receive personal advice from our insurance specialists to determine your life, disability and income insurance needs.
Just like your investment strategy, your insurance strategy should be personalised, not once, but every year.
Alongside funding your lifestyle in retirement, superannuation is intended to pay for important insurances that will fund your lifestyle now should something unthinkable take place.
However unfortunately many superannuation members assume that the automatic acceptance insurance in many corporate or industry superannuation funds will be enough. For high new worth and family office clients this unlikley to be the case, leaving your family unprotected.
Cashel Family Office insurance specialists will work with you to arrange the most appropriate coverage and review your needs on an ongoing basis. When considering insurances you should review the following:
- Life insurance limits should cover the payout of debts, support your children through education and domestic help until they are no longer financially dependent, clean up miscellaneous costs associated with your passing and to maintain your partners lifestyle until they pass
- Temporary or Permanent Disability (TPD) insurance limits should be set similar to your life insurance limits, and take additional consideration of medical costs that may be incurred if you are permanently disabled
- Trauma insurance limits should allow for your inability to work for 1 to 2 years and should provide enough to make medical modifications to your home and transport, plus meet finance and lifestyle expenses while you are unable to work, and
- Income insurance limits should typically be set at around 75% of your regular monthly income.
Given the complexity of determining these limits a Cashel Family Office insurance specialist will work with you to determine the most appropriate limits from one our approved providers.
Examples of our approved insurance partners are included below:
How do I join Cashel Super?
In less than 60 seconds you can join Cashel Super. We use secure technology to verify your identity with the Australian Tax Office, search the MyGov superannuation registers to fund any lost or unclaimed super and prompt you with questions to start the process of establishing your insurances needs. As a member and subject to the service level you select, you will have a dedicated financial advisor at no extra cost. This financial advisor will assist you with personal advise on financial planning strategies, coordinate access to our debt experts, and assist with investment, insurance and administration platform selection.