CHECK YOUR SUPER FUND D INCLUDES INSURANCE

“It’s a good idea to check the life insurance component of your superannuation account, as it probably already includes life, total and permanent disability – and income protection insurance if you’re in an industry fund,” says Stefanie. “If you don’t have life insurance with your super but think it’s important, talk to a trusted financial adviser. A general rule of thumb for life insurance is that the death benefit should be at least 10 times your annual salary.”