So I just changed jobs so need to change my superannuation fund since at my new workplace I don't have a choice of which super fund I go with. So I have been looking at my insurance cover within my current (old) superannuation in comparison to the new one.
Has raised a few questions in regards to my level of insurance cover and what I really need, and I have a few questions...
Do most people have insurance cover through their super?
Is it better? or cheaper to just go directly through a insurance company rather then through your super?
The different levels and types of cover seem to be very confusing to say the least when you try to compare one super fund to another, is there a website or something that can help me run some comparisons?
Do you have insurance cover?
Death - normally lump sum payment to spouse, pretty straight forward.
TPD & IP - seems these can be linked or mixed up in a few different ways to make it confusing for the average punter.
Any general comments appreciated.
edit on a side note, spoke to new super fund in regards to insurance and they were saying I should have insurance cover for funeral expenses and all sort of stuff I just cant see the point in that.