Forum Discussion

Sister's avatar
Sister
Member
7 years ago

Superannuation

Hi everyone,  I mentioned this on another post but thought it deserved it's own discussion.  While I'm sure that everyone has examined their Super benefits, I heard of a new one recently.  I was talking to a group of women about income protection and one of them mentioned that her Super has a trauma clause.  Apparently, she is going to get a nice payout because of the breast cancer diagnosis and treatment as it is classed as trauma.  I don't know how many Super funds have something like this but may be worth looking into.  And for those who have a family history, it might be worth mentioning it to other family members.
  • AND if you had 'Personal Super' or even life insurance!! (If anyone still has those!)
  • The trauma clause, usually about $10k, is attached to some older mortgage insurances as well. Also worth investigating.