Episode
START HERE: Super Insurance Premiums Are Rising! Should You Cancel, Switch or Stay?
- Podcast
- SugarMamma’s Fireplay
- Published
- Jun 4, 2026
- Duration seconds
- 1129
- Processing state
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Summary
Insurance inside superannuation is one of the most misunderstood — and often overlooked — parts of your financial plan. In this Start Here episode of SugarMamma’s Fireplay, I answer a powerful listener question from Cat, who is facing a 35% increase in her insurance premiums inside her super fund. Feeling overwhelmed, she’s wondering: Should she switch super funds? Should she cancel her insurance? Or is there a smarter way to manage these rising costs? If you’ve ever questioned whether your insurance is worth it — or worried about how it’s impacting your super balance — this episode will give you the clarity and confidence to move forward. 🎯 What This Episode Covers ✔️ Why insurance premiums inside super are rising ✔️ How to assess what you’re actually paying for (and if it’s worth it) ✔️ The hidden impact of insurance premiums on your long-term super balance ✔️ Why many Australians are underinsured — and the risks of cancelling cover too soon ✔️ How to adjust your insurance (without making costly mistakes) ✔️ The pros and cons of switching super funds for cheaper premiums ✔️ What you must do before cancelling or replacing any insurance policy ✔️ The concept of self-insuring over time — and how to build towards it ✔️ When to seek personal advice from a licensed financial planner 💡 Key Takeaways Insurance is not just a cost — it’s protection for your income, family and future Premium increases are frustrating, but knee-jerk decisions can be costly Understanding your policy features can reveal opportunities to reduce premiums Insurance inside super is convenient — but it can erode long-term compounding if left unchecked As your wealth grows, your reliance on insurance can gradually…