All Freedom of Choice Employer Service Super members will receive an automatic level of insurance cover when they join the fund, provided you are eligible. The type of cover you receive depends on the arrangements your employer has put in place.
You will either receive Freedom of Choice Standard Cover or Freedom of Choice Employer Plan Cover. When you join the fund, your welcome kit will detail the amount of insurance cover applicable to you.
Standard Cover will apply if your employer has not establish tailored insurance arrangements. Standard Cover consists of automatic Death and TPD insurance cover which is calculated by the following formula:
Please refer to the Insurance Guide for more information.
Employers are able to establish tailored insurance arrangements for their employees called Employer Plan Cover. Employer Plan Cover can consist of:
Total & Permanent Disability (TPD)
Income Protection (IP)
The amount of cover may be subject to an Automatic Acceptance Limit (AAL). The AAL for Employer Plan Cover will depend on the number of members in your Employer Plan.
For more information about Employer Plan Cover and whether it applies to your employer plan, please contact us directly on 1300 264 264 or firstname.lastname@example.org.
What is the benefit of having insurance through Freedom of Choice Super?