Client Success #38: Building Retirement Together
Projected retirement uplift: $357k and $171k
We met a couple who were paying very high premiums for minimal cover and wanted their retirement on firmer ground. We took the time to understand what each of them needed, then moved their super and put cover in place for both. Their super is now projected to be about $357k and $171k higher at retirement.
Client Snapshot
- A couple
- Two incomes
- Minimal cover for very high premiums
Their Goals
- Have their super reviewed
- Protect both incomes
The Challenges
- They had minimal cover for very high premiums
- Their super didn’t seem to be growing
Our Strategy
- Moved both partners’ super to lower-cost funds
- Chose less investment risk for one of them
- Put an insurance strategy in place for both
- Structured their premiums to be tax deductible
The Outcome
They’re saving approximately $1,644 a year, and their super is projected to be about $357k and $171k higher at retirement. As with any policy, the insurer assesses the claim.
- Immediate savings
- Approx. $1,644 a year
- Super fees reduced
- $559 and $331 a year
- Estimated tax saving on premiums
- $654 and $100 a year
- Projected retirement uplift
- $357k and $171k
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