Is it wise to have Life Insurance Premiums deducted from my superannuation contributions?

My super provider has sent me a form stating if i do not respond they will automatically deduct life insurance premiums. I have a term life policy already but am wondering if reducing my super premiums by $43 per month is a wise move.

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One Response to “Is it wise to have Life Insurance Premiums deducted from my superannuation contributions?”

  1. Kathrine Woods Says:
    January 25th, 2010 at 8:03 pm

    Speak with your local agent.

    Generally and maybe not in your case, it is a good idea to have deposits deducted. No missing of a payment, usually.

    I am not licensed in your state, so I cannot legally offer secured advice. (That is, if I am incorrect, you could sue me.)

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