Changing your waiting period or benefit payment period to reduce the monthly cost of your Income Protection is one option. If you’re not sure whether another waiting period or benefit payment period will still suit your insurance needs, consider getting some advice to help work out what cover you need (if any) and how much is right for you.
With AustralianSuper, you have access to a choice of help and advice options from simple, personal advice over the phone1, to more comprehensive, broader advice with a financial adviser2. Go to australiansuper.com/advice for more information.
1 There’s no charge for general advice about your super account. The financial advice you receive will be provided by Link Advice Pty Limited ABN 36 105 811 836, AFSL 238145 and will be their responsibility. Personal product advice provided may attract a fee, which will be outlined before any work is completed and is subject to your agreement.
2 The Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account(s) can be deducted from your AustralianSuper account subject to eligibility criteria.