You can hold life, total and permanent disability (TPD) and income protection insurance inside your super fund and pay the premiums from your super balance instead of your take-home pay. That keeps pressure off your cash flow, which matters most when you've just taken on a mortgage. The trade-off is that premiums reduce your super balance, but for younger people the impact is usually small.

In this video, McKern financial adviser Shahin Tehrani explains how insurance through super works and what drives the cost of cover: mainly your age, your occupation and your health (including BMI). As a real example, he shares that at 31, working as a financial planner, his own cover costs about $1,000 to $1,500 a year from his super, roughly $30 a week.

In this video

0:00 Can a new home owner afford insurance?

0:19 Funding cover through super

1:33 What affects your premiums

General information only, not personal advice.