As of 1 July 2019, new super laws will provide that your super fund must cancel your insurance cover if no new money has been added to your account e.g. a contribution or rollover for 16 continuous months – unless you state you would like to keep your insurance!

While this may reduce the amount of premiums deducted from your super balance, it can have a dramatic effect on the amount of your Estate in the event you pass, or your befit if you are permanently disabled. A crucial matter of which to be aware, and discuss with a lawyer or financial planner if you have any questions.