I was unnerved after reading this article in The Age this weekend, and checked some of the definitions in my own personal insurances straight away.
In short, "Super funds are cutting new deals on death, total and permanent disability (TPD) and income protection insurance. In return for lower premiums, some funds have accepted fewer services and tighter definitions."
For example, check if your policy covers benefits if you are unable to perform "any occupation" (wide definition) or just "own/suitable occupation" (narrow and probably preferred definition). As you can imagine, the impact on you in the scenario where you might want to claim on your policy could be significant.
Read more here super article . If you have any questions about the adequacy of your super cover or personal insurances, please give our Financial Advisor Pat Jong a call Ph 0402 643 893 or read more about him at Pat's profile.