75% of Australians are underinsured with life insurance through Super.
50% of those insured don’t even know they are insured.
And this is just the beginning. Though you can do something about.
Life insurance through Super (otherwise known as default life insurance) provides many Australians with a level of life cover they would not otherwise have.
This has gone some way to improving life insurance underinsurance in Australia, and that is a good thing.
Life insurance through Super is convenient and easy: most Super funds automatically include life insurance and cover is automatic*.
However:
- Most Australians with life insurance through Super are significantly underinsured. Most do not know this.
- Income Protection and Total Permanent Disability (TPD) cover is often also far from where it needs to be.
- And there are inherent limitations to life insurance through Super few are aware of.
This website is here to help you:
- Understand if you have life insurance through Super.
- Understand your level of cover.
- Improve your level of cover through your Super fund.
- Understand the limitations of life insurance through Super to determine if they are too limited for your circumstances.
- Understand other life insurance options.