Insurance cover helps you provide for yourself and your dependents when you are no longer able to do so.
What types of insurance can I have:
Death insurance will provide a lump sum benefit to your beneficiaries upon your death. To find out what the appropriate level of cover is for you, please speak with your financial adviser.
You may be able to increase your cover without providing medical evidence when significant life events occur. Please refer to our Insurance Guide for further details.
Total and permanent disablement (TPD) insurance will provide a lump sum amount if you are totally and permanently disabled and no longer able to work in any occupation. Members can apply for TPD cover for a maximum of $3 million. To find out what the appropriate level of cover is for you, please speak with your financial adviser.
You may be able to increase your cover without providing medical evidence when significant life events occur. Please refer to our Insurance Guide for further details.
Freedom of Choice Super offers eligible members income protection (IP) cover. This cover provides 24/7 protection and peace of mind. IP cover provides a benefit of 75% of earned income plus up to 10% of earned income allowable for superannuation contributions if are unable to work because of temporary illness or injury.
Waiting Periods
A waiting period is the length of time between when you are first unable to work due to being totally or partially disabled and when the benefit starts being paid. You can select from the following waiting periods:
Benefit Periods
A benefit period is the amount of time your IP cover will continue to pay you a benefit whilst you are unable to work due to injury or illness. You are able to select from three different benefit periods:
Platform
To provide further choice and flexibility, you are able to use our platform insurance option offered by some of Australia’s leading insurers, AIA and TAL.
