Statistics show that although most Australians have life insurance within their superannuation they are still in fact underinsured, Australia is the most underinsured countries in the developed world. As a business owner are you concerned about the level of cover your employees have? With that said, a properly structured group and salary continuance arrangement could relieve your business of any perceived moral obligation. With a structured employment benefit program your will provide your business with a competitive edge becoming an Employer of choice.
A properly Structured group insurance arrangement may provide better terms and lower premiums than personal policies, also group insurance arrangements (salary continuance, term life and TPD) can be structured to proved a tax effective strategy for an employer.