Group Salary Continuance is an insurance policy provided by your employer to protect you if you are unable to work due to illness, accident or injury. It is only available to employees and members of group super funds and covers you 24 hours a day, seven days a week. So, if the unthinkable happened and you were unable to work due to illness, accident or injury, you would have the peace of mind of knowing that a portion of your salary would continue to be paid to you each month to cover your bills and day to day expenses.
Many insurance policies will pay a monthly benefit of up to a maximum of 75% of the salary being earned immediately prior to becoming disabled (or the last salary advised to the insurer by your employer.
Most Group Salary Continuance policies also incorporate a series of benefits which are provided at no extra charge, as well as a variety of optional benefits for an additional cost. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.