CHOICE found that premiums for life insurance with the 10 largest industry super funds increased by an average of 50% over the past two financial years. But retail life insurance just might be the most problematic insurance on the market – and that’s a competitive field.
My husband had terrible problems with life/disabilitysuperannuation insurance. Firstly, they refused to pay. Secondly they refused to pay the full amount. It took roughly 3 years and litigation to get any money.