Does insurance belong with superannuation? Debate

Do you ever wonder, “Does insurance belong in super?”

Christopher Sozou, Head of Wealth at Virgin Money, explores this thought-provoking question in an article for Cuffelinks.

Generally, super is a decision designed to help you retire more comfortably in the future. Insurance is a decision designed to protect you today.

So why are income, life and TPD insurances bundled with superannuation?

Sozou poses the question, “In trying to solve an under-insurance issue, we have added cost and complexity to superannuation for both product providers and members. Does the social benefit outweigh the additional cost and complexity?”

Read the full article and get involved in the discussion on the Cuffelinks website.