Yes! I have mine within my super as for the moment it is not only the cheapest option but this way we don't have to find the money for premiums as they come out of my super money. Yes that means that some of my super goes to paying for the cover and it will mean less money in my retirement fund, but once we have some money to 'spare' I will contribute to the fund to cover these premiums.

If anyone doesn't have it I woul suggest calling you super fund first to see how much (you generally have an automatic amount included) you have and then fund out what you need to do to increase the cover.

We have $550,000 each which will pay off the mortage and leave about $200K which if someone gave us now would be a great deal of money. BUT if one of us gets that because the other has passed away then it isn't a lot of money considering the remaining parent would be unlikely to work full time if at all.

I know it isn't a nice subject to discuss but it is much better to have the conversation now rather than when it is too late.