Emotional Wellbeing

Mental Health

Mandy Kloppers

How insurance through Superannuation offers complete peace of mind

Life insurance is one way to maintain emotional wellbeing and mental health as it offers a safety net for families. Life insurance is a critical policy that one should have to secure the financial future of their family. But most of the people do not know that getting life insurance through super funds can make your life insurance policy premium a lot cheaper and affordable. You can check and compare the same on iselect superannuation. The most important advantage is the lower premium cost as life insurance premiums are available in bulk to super fund members. It is beneficial for a person who is earning every month through a salary or similar income source. Since the insurance premium is not deducted from the actual income of the person, the policy will continue to be in effect, even if the person is on a tight budget and unable to save the premium amount from the saving, giving complete financial stability.

One of the essential requirements for people after retirement is the availability of funds so that they can live the rest of their life without any financial burden or lack of monetary income. Having a regular income flow after retirement is very important as it provides not only financial stability to the person, but also makes sure a lack of finances does not make their life stressful. Having money invested by the employers in finds during their jobs, make sure that after they retire, they do not have to worry about any expenses. Having financial stability even after retirement brings a lot of mental peace, which also helps in keeping you healthy and free from stress-related problems.


Superannuation in Australia is partly compulsory and has been implemented to make sure that people invest in funds. At the same time, they are working under an employer to save money fr their retirement. Government rules also make it mandatory for the employer to invest a certain amount on behalf of their employees in it. The best part is that the amount invested also provides tax benefits. The most significant advantages of insurance vis superannuation are that your family is secured in case you meet with an unexpected accident. You will always be assured that the fund will ensure the financial freedom of your family on your behalf. Second is the regular income you get by the saving done in it while you are working for someone.

life insurance

In both cases, an individual would be at peace, both mentally and emotionally. One of the most common features that it includes is Death Cover. In case of an untimely death of the insured person, the family or the nominee will get the entire policy amount. It is one of the most characteristic features of an insurance policy. Total and permanent disability cover (TPD) is another feature that is included in life insurance through superannuation. In these scenarios, if the person or insured is permanently physically disabled and unable to work any longer to generate income, the premium amount is paid by the insurance company on his or her behalf. In this case, although the insured is not able to pay, but still covered for the original life insurance period. These features give an individual satisfaction of securing their families future,


Income protection is the most critical feature of life insurance through super funds. In case, the person is not able to work due to an accident or a trauma, then the policy will pay you the ongoing living expenses until the person can work again. Before getting life insurance through superannuation, make sure to check the difference between this and regular life insurance. It provides assurance to the individual, both mentally and physically, that in any case or event, the policy will continue, and their family will receive the benefit.

Mandy X