With the life insurance, we used to just have the one through our super. But I dunno how it was worked out, and it wasn't enough for us. We saw a financial planner, and he got us a life insurance plan (which also includes income protection, trauma insurance and total and permanent disablement insurance) that is additional to our super. You need to consider any debts you have, and how much you'd like left over. I.e. DH & I have a home loan and car loan, so we have enough insurance to pay those in full, funeral costs, and additional to cover the other half to have enough to not have to go to work for a while.

The financial planner also said that the insurance plan we have pays out quicker than our super does - we wouldn't be able to cover any funeral costs if we were waiting for the payout from the super insurance.