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Home Forums Australian Financial Services Licensing (AFSL) Forum Insurance Premium Amounts Vs Super Contributions

This topic contains 0 replies, has 1 voice, and was last updated by  Cara 3 months ago.

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    Cara

    Hi,

    Does anyone have any guidelines or thoughts on how much or what % of someone superannuation contributions should be used towards insurance premiums? there is always a trade off between insurance cover amount and affordability…. I have a client who wanted insurance over amounts that would cost him 85% of his super contributions. it will only take a few years for that to blow out…. some people say they don’t go over 70% some say 30% of contribution… thoughts?

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