The reason the majority of Australian’s insure their car is because they know if they crash their car the financial consequences can be dire!
The financial consequences in retirement if you do not insure your superannuation however could be catastrophic!
In 2008 alone over $300 billion was lost within superannuation due to the global share market and property crash. The average superannuation fund declined by almost 30% meaning many Australian’s will be forced to either work longer or reduce their lifestyle in retirement.
For more information click here to speak to a JB Global Investment Adviser.
