There’s a chance that things like death cover, total and permanent disability insurance or income protection insurance could be included as part of your super without you knowing it.
Josh Callaghan, Canstar’s General Manager, Wealth, recently appeared on The Project and explained to viewers that it’s important to understand how much you’re paying for insurance and to know what it covers you for.
You start a new job, sign on to the default super policy with the default fund and presto – you could be losing hundreds of thousands of dollars thanks to default super insurance! If that's not enough to make you interested, have no fear, Super Tommy is here! #TheProjectTV pic.twitter.com/MBulvGykI7
— The Project (@theprojecttv) August 14, 2018
Compare super funds
The table below displays a snapshot of 5-Star rated super funds on Canstar’s database that include income protection insurance, sorted by provider name (A-Z). These Star Ratings are based on a 30-39 year old with a super balance between $100,000 – $250,000.
Compare direct life insurance
The table below displays a snapshot of direct life insurance policies on Canstar’s database, sorted by Star Rating (highest to lowest) and then by provider name (A-Z). These results are based on a female policyholder aged 30-39 years old.