These kinds of personal insurances are ones we really don’t like to talk about. But it’s important to consider what would happen if you died.

Trauma Insurance – also sometimes called critical illness insurance. It’s a policy designed for the unexpected: a shocking health diagnosis or a life-changing accident.

It is a legal requirement for all super funds (including SMSFs) to prepare and document an investment strategy during the set-up phase. This strategy (including any insurance coverage) must then be reviewed regularly by fund trustees to ensure that it continues to meet member needs as they change over time.