Join our investing community

Do I Need Super Death Cover?

Discussion in 'General Investing Discussion' started by Norak Bastiat, 21st Jul, 2008.

  1. Norak Bastiat

    Norak Bastiat Well-Known Member

    Joined:
    16th Sep, 2007
    Posts:
    66
    Location:
    Melbourne
    When I started my I went into HESTA Super. This was given by my employer. The default is that I receive two units of death cover insurance. This means that I have to pay more.

    If I have no dependents at all, then would I really need death cover? Should I just get rid of it?
     
  2. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    if you don't have a partner or dependants, then i would not have it.

    death cover is good to say pay out a family home in case the main breadwinner dies...