Types of insurance through super

Death Cover

A sufficient level of Death Only Cover can provide you with the peace of mind that your loved ones will be financially protected if you die; this insurance can ensure that in the event of your death, the mortgage and other living expenses like your children’s education will be covered.

Death Only Cover provides an agreed lump sum payment in the event of your death, which is added to your Super account and then paid to dependants or your legal representative, in accordance with the governing rules of your super fund.

Death and Total & Permanent Disablement (TPD) Insurance Cover

An optional addition to Death Only Cover, TPD cover pays you, via the Trustee of your fund, a lump sum to provide you with financial support if you become totally and permanently disabled. This could help you pay ongoing medical expenses, make necessary living modifications or hire home care services.

Salary Continuance Insurance (SCI) Cover

Protecting your level of income could be the most important part of your life insurance strategy. If you’re suddenly unable to work for an extended period of time through sickness or injury and lose your ability to earn an income, SCI cover can replace up to 75% of your income for a defined period.