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Should I Have Income Protection Through Super: The Pros and Cons

Income protection insurance is designed to replace your income, up to 70%, if you are unable to work for a specified period due to an illness or injury. Most people earning a salary should consider income protection. Taking out income protection through your super fund has its advantages and disadvantages. However, whether it’s a good option for you depends on your unique circumstances and budget. Determine how much cover you’ll need and for how long should you be unable to work, and whether taking out income protection through your superannuation will be sufficient.
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Updated: 28 May 2024