Federal budget 2018 – Life insurance premiums to rise 30pc under opt in

By Alice Uribe    Australian Financial Review  9 May 2018 Superannuation fund members might end up paying 30 percent more for their life insurance cover under the government’s sweeping plans to stop account erosion in the $2.5 trillion super sector. The federal government on Tuesday introduced measures that remove default life insurance for new superannuation fund members…