Client Success #16: Protecting a Growing Family
Immediate value: $1,358 a year
We met a couple with a young family and an investment property, whose debts had grown alongside their family. We took the time to understand what they’d need if either income stopped, and where their super stood. Both incomes now have cover behind them, and their super is projected to be higher at retirement.
Client Snapshot
- A couple with a young family
- An investment property
- Debts that had grown with the property and the family
Their Goals
- Cover that matched a growing family and growing debts
- Have their super reviewed
The Challenges
- Their debts had increased with the investment property
- Their family was growing at the same time
- Their super didn’t seem to be growing
Our Strategy
- Moved both partners’ super to lower-cost funds with a stronger investment structure
- Put an insurance strategy in place for both of them
- Structured their premiums to be tax deductible
The Outcome
Both incomes have cover behind them, with $1,358 a year in immediate value and super projected to be $282k and $171k higher at retirement. As with any policy, the insurer assesses the claim.
- Immediate value
- $1,358 a year
- Super fees reduced
- $158 and $163 a year
- Estimated tax saving on premiums
- $459 and $578 a year
- Projected retirement uplift
- $282k and $171k
Grow & Protect Your Wealth Today
Whatever’s on your mind, we’re here to help. You’ll speak with an authorised financial adviser who’ll listen first and get to know what matters to you.