So, what else is available?
Despite the obvious advantages, many organisations may not be fully optimising their salary continuance insurance program because it has been packaged to employees within their default superannuation fund. While an “inside superannuation” strategy may have been appropriate in the past, this is often no longer the case.
What are the alternatives?
Pleasingly, options for salary continuance insurance outside of superannuation are plentiful. With the help of an expert, your organisation will be able to determine if a standalone group insurance arrangement is the right approach for organisations and their employees.
As well as the potential for efficient tax treatments, pricing control, greater choice of insurers and flexibility with benefit options this article outlines our top three reasons for switching to a standalone salary continuance insurance plan and a case study of standalone salary continuance insurance in action. Download Report