Case Study:
Why Reviewing Your Insurance Is Essential When Setting Up an SMSF

When transitioning to a Self-Managed Super Fund (SMSF), many people focus on the investment opportunities — property purchases, direct share exposure, and greater control. But one vital element often slips through the cracks: insurance.

Reviewing Your Insurance

Recently, we worked with a couple who rolled over their super from their respective government and industry funds into a new SMSF. Their goal was clear — to buy a commercial property as part of their long-term wealth strategy.

However, reviewing your insurance during the rollover process is essential, their existing life and income protection cover within their old funds was automatically cancelled. Without prompt action, they would have been left without any insurance protection.

Our team prepared a comprehensive advice document recommending appropriate levels of new cover within their SMSF, ensuring:

✅ Their family remained protected in case of illness, injury or death
✅ The policies offered better levels of cover than the previous funds
✅ The overall structure provided greater value for money and flexibility

The outcome: reviewing your insurance not only reinstated but enhanced their protection — aligning perfectly with their new investment and retirement strategy.

Key takeaway:
If you’re establishing an SMSF or rolling over your super, don’t let your insurance lapse unnoticed. A quick review of your insurance could be the difference between financial security and significant exposure.

Contact us today to ensure your SMSF strategy and protection work hand-in-hand.