What if I have insurances in my existing fund?

Generally speaking, most people will have some sort of insurance cover in their current fund. What we do when we when we set up the fund and we start the rollover, we'll pull out the maximum amount that we can that leaves that account open.

So your insurance is active which is generally around $6,000. So that just means that account stays active. Your insurances are active. Later down the track you can set up insurances through your SMSF and then at that point you would close down that account if you decided.

And otherwise there's no issue in leaving your insurances active through your current fund.

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