Should I consider life insurance if I have it through super?
When it comes to protecting the financial future of your family, make sure their needs are covered if the worst were to happen. Most people have some form of life insurance included in their super, but it pays to check if it’s right for you.
60% of Australian parents are concerned they don’t have sufficient cover for their needs.1
When was the last time you checked in with your super?
Instead of sending your yearly statement straight to the recycling bin, get informed and check out how much you and your family are protected for if you pass away or become terminally ill.
60% of Australian parents are [concerned they don’t have sufficient cover](http://www.realinsurance.com.au/news-views/family-protection-survey) for their needs. To work out how much life insurance you need if a salary suddenly vanished, calculate expenses such as your mortgage, debts, childcare, education, and other bills.
Check the fine print
On closer look, you may be surprised to find the life component in your super expires at a certain age, or if you’re between jobs it could expire after a period of time. You may also discover the simple fact you’re not getting a very good deal. Compare your super’s insurance with other insurers to make sure you’ve got the best product for your needs.
Unlike many super insurance policies, once you’re approved with Real Insurance, you can keep your cover for life, even when you’re between jobs or if your health changes.
Real Life Insurance is also a great way to top up your current level of cover to suit your needs since some super funds may only provide an insufficient default level of cover based on your age or salary.
9 Feb 2018