Client Success #25: Protecting Income and Family
Immediate value: $5,236 a year
We met a couple raising a young family, with an investment property and debts that had grown alongside them. We took the time to understand what their family would need if either income stopped, and where their super stood. Their family now has cover in place, and the changes are worth $5,236 a year.
Client Snapshot
- A couple with a young family
- An investment property
- Debts that had grown with the property and the family
Their Goals
- Have their super reviewed
- Protect their income, assets and young family
The Challenges
- Their debts had increased with the investment property
- A young family relied on both of them
- 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
Their family has cover in place, and the changes are worth $5,236 a year now, with super projected to be $349k and $91k higher at retirement. As with any policy, the insurer assesses the claim.
- Immediate value
- $5,236 a year
- Super fees reduced
- $731 and $473 a year
- Estimated tax saving on premiums
- $1,632 and $2,400 a year
- Projected retirement uplift
- $349k and $91k
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