Life insurance is a must-have for many of us, or it should be. It can replace lost income if we’re off work sick or injured or provide a lump sum for disability, death or trauma.
Choosing the type and level of cover you need is one part of the puzzle but another frequently overlooked issue is choosing where to hold your insurance – inside or outside super.
Making the right choice for your circumstances could not only save you money, but also set your mind at ease that you and your family have protection if the worst happens.
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Kate has worked in the superannuation sector since 2003. Her experience ranges from customer service to financial advice, member education, complaints management, trustee services, and learning and development. She currently develops content and facilitates learning sessions for super professionals with the Association of Superannuation Funds (ASFA) as well as writing for SuperGuide.
IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more
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