Client Success #37: Two Incomes, One Strategy
Immediate savings: Approx. $4,457 a year
We met a couple who wanted both of their incomes protected and their super working harder. We took the time to understand each of them, including how much investment risk each was comfortable with, then built one strategy for the two of them. They’re now saving approximately $4,457 a year, and each partner’s super is projected to be over $260k 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
- Both 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
- Improved their investment strategy, with 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 $4,457 a year, and each partner’s super is projected to be over $260k higher at retirement. As with any policy, the insurer assesses the claim.
- Immediate savings
- Approx. $4,457 a year
- Super fees reduced
- $900 and $917 a year
- Estimated tax saving on premiums
- $1,080 and $1,560 a year
- Projected retirement uplift
- $266k and $267k
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