Hi everyone long time lurker first time poster... We have recently set up our SMSF and one of the items we need to organise is life insurance. In my existing super scheme (Mercer) I get life insurance, permanent disability etc. as part of the plan. I've spoken to a LI broker and also taken a look online and the quotes I'm getting are 3 times what I'm paying from Mercer. The insurance amount for death is 1.8M and I paid $1,250 for FY15 via Mercer for my cover, the quotes the broker and online are telling me are $2700 upwards for the same amount of insurance!! I appreciate with a managed fund they may get a discount etc. but the gap seems huge and obviously I'd prefer not to pay 2-3 times the amount if I can avoid it. The brokers suggestion was to leave 10k in my Mercer fund and keep insurance with them, these seems a little crazy to me as the whole point of SMSF was to be in control and have it in one place not to mention the fees etc. I'll keep paying in Mercer. Just wondering have others had similar issues? Am I missing something? Thanks. PS. Other key facts I'm 35, male and non smoker, wife and 2 dependants, and 1.8M is inline with current debt etc. and a recommended amount based on my personal situation.