Am I already covered by my superannuation fund for life insurance?

If you are a member of an Australian superannuation fund you might already have some life insurance cover.

However, typically default life insurance cover within a superannuation plan only provides some of the life insurance you actually need. It's important to find out what type of insurance you already have by either asking your superannuation fund or your employer. Then you'll know where you stand, and whether you need extra cover. One thing to note: Australian superannuation plans don't normally include serious or critical illness insurance.