Most Aussies don’t even realise they have insurance inside their super. It’s automatic. Easy. But is it enough? Here’s the truth: Super Fund Insurance = convenient, but often generic. It’s “one-size-fits-all.” Retail Insurer = fully underwritten, tailored to you, and usually more reliable at claim time. With super fund cover, you might not know what’s excluded. Many policies have limits or “default settings” that don’t actually fit your life. With retail cover, you go through upfront health checks and questions. That might feel like a hassle, but it means you know exactly what you’re covered for. And here’s the kicker → I’ve found that super fund insurance isn’t even cheap. In many cases, retail cover gives you stronger protection at a lower cost. That’s a no brainer. Bottom line → the cheapest cover is only cheap until claim time. That’s when the fine print matters.

Most people treat insurance like a “set & forget” thing. Sign up once. File it away. Forget about it. Here’s the problem → life doesn’t stand still. Your career changes. Your income changes. Your family grows. Your debt shifts. But your cover? It stays the same. That’s where the risk creeps in. You change jobs… but your policy doesn’t reflect the new risks. You buy a house… but your cover doesn’t match the new mortgage. You earn more… but your benefit hasn’t kept up. Your premiums keep creeping up… but you’re not checking if there’s a better option. The truth is, insurance that fit you five years ago might not fit you now. And you don’t want to discover that at claim time. So here’s the rule of thumb: review your cover when life changes — or when the costs start climbing. Because the right protection is only right if it still makes sense for you today.