Default Insurance Through Your Super Explained

When was the last time you reviewed your super? In particular, have you checked what life insurance policies you might be paying for by default?

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