I currently have some Life and Trauma insurance through my employer super fund but it is not adequate for my needs and I do not have the option to purchase additional units through the fund. As a result, I am planning to apply for a Life/TPD policy through ING - their OneCare product. I noticed they also offer a super account that is designed to be used solely as a vehicle for paying insurance premiums, i.e. not an accumulation fund. (I imagine other insurers may have similar offerings, too) If my employer agrees to pay voluntary salary sacrifice contributions into the ING super fund, it seems to me that I can effectively save 40% on premiums after tax (given that I am in the 40% marginal tax bracket)... but this seems like a loophole. Am I missing something?