Know what you've got
When taking out Life Insurance you have a number of options to choose from when deciding on the insurance cover that’s right for you based on your lifestyle and individual needs. It is important that you read the relevant documents relating to your policy to understand what your policy covers and what it doesn’t and if there are any conditions that must be met in order to make a claim.
When reviewing your level of cover, you may wish to check with your super fund whether you have default cover included.
As your circumstances change – a pay rise, a new house or a new baby in the family, for example – take some time to review your cover and check that it still suits your needs and the needs of your family.