I am totally angry & disappointed in Superannuation!

I've worked for 42 yrs full time ongoing & paid Life Insurance from the time I was a single Mum to protect my children's future.

I still work but since I've now reached 70yo - the Government run super fund has decided I no longer need or qualify to be covered for this insurance ?

What a rip off I'd paid to have $150k insurance policy (not much in this day & age I appreciate) BUT a lot of money in my life & money I could pay my home off with.

How can they just CANCEL when I still work full time ?

Why don't they give some sort of reimbursement since I never had to claim & why do these companies constantly get rich on the poor people's dollar trying to protect their families & possessions?

This is just plain greed & extortion in my mind at the expense of those who have no alternatives !

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