1 JULY Insurance Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS

Size: px
Start display at page:

Download "1 JULY 2015. Insurance Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS"

Transcription

1 1 JULY 2015 Insurance Guide INDUSTRY, CORPORATE AND PERSONAL DIVISIONS

2 About TWUSUPER TWUSUPER was established in 1984 as the Industry SuperFund for people in transport and logistics. As an Industry SuperFund, TWUSUPER is run only to benefit members. We do that by providing super and pension options that offer: low fees and no commissions competitive long term investment performance value for money insurance cover services tailored to the industry access to affordable financial advice. (See the back page for more information.) Good management of your super is critical for your lifestyle in retirement. We take our role in the management of your super seriously and have developed processes and structures to ensure that our decisions are made in the best interest of our members. By understanding your needs we can provide you with the right help, whenever and wherever you need it. That s why TWUSUPER has over 120,000 members and approximately $4 billion in assets. This Guide explains the insurance cover we offer as part of your super benefit with TWUSUPER. Contents About TWUSUPER 2 Your insurance options at a glance 3 Death and Total and Permanent Disability cover 5 Income protection cover 19 Important information 25 Some insurance terms explained 32 We re here to help you with your super 35 2

3 Your insurance options at a glance We offer insurance cover to protect you and your family if you die or suffer from an injury or illness. There are costs associated with insurance cover, however, it is hassle free as the premiums are paid directly from your super account. To provide this cover we have partnered with a leading life insurance provider, CommInsure (our Insurer). Your cover options Death cover (including terminal illness cover) Total and Permanent Disablement (TPD) cover This provides a lump sum payout if you die or suffer from an illness, or have incurred an injury that is likely to result in death within 12 months. This provides a lump sum payment to you if you become totally and permanently disabled. Income protection (IP) cover This provides regular income replacement payments for up to two years if you are unable to work due to illness or injury. Insurance for members This guide provides you with the information you need to understand your insurance cover options and the conditions that apply to cover in TWUSUPER based on your division. It is important for you to refer to the list of definitions and premium tables in this guide. Division: Industry (TWUSUPER) and Corporate (Transuper) When you join the Fund you: automatically receive basic death and TPD insurance cover if you are eligible Page 5 Division: Personal (TransPersonal) When you join the Fund you: can apply for death or death and TPD insurance cover (known as voluntary cover) Page 12 can keep the level of basic cover the same while you are a member (known as fixing basic cover) 10 All members can: reduce or cancel cover 7 Page can apply for more death and TPD cover (known as voluntary cover) For employees of the Transport Workers Union (TWU) branches or offices, additional insurance arrangements apply. For information on these additional insurance arrangements, please call us for a copy of the relevant TWU Staff Insurance Guide for your state or territory. 12 apply to transfer existing cover 12 apply for lifetime event cover 15 become eligible for a loyalty bonus 16 apply for income protection cover 19 3

4 How much insurance do you need? Only you can answer this question. Think about how much money you and your family would need to support your lifestyle if you could no longer work due to illness or injury, or worse still, if you were to die. Access to financial advice is available (see the back page for more information). Alternatively you can use our Insurance needs calculator available at twusuper.com.au How much does life insurance cost? We provide you with affordable insurance cover. Our size means we can negotiate competitive premiums with our Insurer for your benefit. Importantly, the premiums are deducted monthly from your super account, so you don t need to think about paying them directly. You just need to ensure that your super account has enough money to cover the monthly premiums to avoid your cover lapsing. The simplest way to work out your premium is to use our Insurance cost and cover calculator available at twusuper.com.au. You can also refer to the premium tables in this guide. What is your insurance group? The premiums and/or the dollar amount of each unit of death, TPD and income protection cover depends on your age and your type of employment. The Fund has three insurance groups based on employment type: Group 1 (default insurance group) Manual includes truck drivers, courier drivers, loaders and work that involves manual duties if you do not fit into Group 2 or Group 3 you will be classified as a Group 1 member Group 2 Non-manual you work at least 75% of the time in an office environment, and you have no manual duties Group 3 Professional you work 100% of the time in an office in a sedentary capacity, and you earn a salary greater than $80,000 per annum (or pro rata equivalent if not working full time), and you have an accredited higher education qualification (see page 32) or are eligible to belong to a recognised professional body If you don t tell us which group you are in when you join the Fund or change occupation, you will automatically be assigned to Group 1. If you work in a non-manual or professional occupation, you need to tell us or you may pay higher premiums than you need to. You can apply to change your insurance group at any time by completing our Application to change insurance group form. Download the form at twusuper.com.au or call us. Your change of insurance group will be effective the day we receive your completed and valid application. If you make a successful claim on your policy: 1. your sum insured will be paid based on Group 1 (regardless of your duties) if you have not told us the correct group eg if you are eligible for Group 2 but have not told us, your insured value will be equal to the value of a Group 1 member, or 2. you incorrectly advise us that you are eligible for Group 2 or 3 and your duties do not support this group, your insured value will be adjusted for the correct group. 4

5 Death and Total and Permanent Disability cover Cover provided when you join the Fund On joining the Fund, eligible members of the Industry (TWUSUPER) and Corporate (Transuper) divisions automatically receive two units of death (including terminal illness) cover and two units of Total and Permanent Disablement (TPD) cover. This is known as basic cover. If you are eligible for basic cover, you can also apply for an extra unit of basic death and TPD cover by completing your Membership application form and returning it to us within 120 days of the date of issue of the letter confirming your membership (your Welcome Letter). You don t need to provide any health evidence to apply for the additional unit of basic cover. Note: Personal (TransPersonal) division members do not receive any automatic cover when they join the Fund. For your cover options refer to the Voluntary cover section on page 12. More details about when basic cover starts Eligible members automatically receive basic death and TPD cover up to age 70*. Your cover will commence on the later of: the beginning of the period to which your employer s first super contribution relates, with regard to your employment with that employer, or the date you commenced employment with your most recent employer. This is provided that: you are accepted as a member of the Fund upon commencing employment with a Participating Employer your first employer contribution is received by the Fund within 120 days of joining your employer and is sufficient to meet all insurance and other charges up until the date the contribution is made**, and you satisfy any other requirements that are from time to time stipulated by the Insurer. How basic cover works Table 1 on pages 8 and 9 shows the level of basic cover depending on your age and your insurance group (see page 4). If you are not in active employment with a Participating Employer on the date that you commence employment with that employer or on the date that insurance cover commences, you will only be eligible for limited cover. See page 30 for more information about limited cover. Eligible members are members who are under 70 years, are employed by a Participating Employer that is making mandatory contributions to TWUSUPER on their behalf and meet the other conditions of eligibility under the Fund s insurance policy. See page 32 for the full definition. *If you are 65 to 69 years of age, the only TPD definitions for which you are covered are: A. loss of limbs B. activities of daily living, and E. activities of daily work. For definitions refer to pages 26 and 27. ** If your first employer contribution is not received after the 120 days, you will only be eligible for limited cover. See page 30 for more information about limited cover. 5

6 Death and Total and Permanent Disability cover How much does basic cover cost? Basic cover is two units of death (including terminal illness) cover and two units of TPD cover. Basic cover Two units death & TPD cover Cost per week Your account may receive a tax rebate on these amounts. Group 1 Manual Group 2 Non-manual Group 3 Professional Two units death (including terminal illness) cover $4.28 $3.40 $3.18 Two units TPD cover $4.94 $1.22 $1.14 Total cost per week $9.22 $4.62 $4.32 How much does an extra unit of basic cover cost? Eligible new members can apply for an extra unit of death and TPD basic cover within 120 days of the date of issue of the letter confirming your membership of the Fund, without the need for health evidence. Cost of basic cover with an extra unit Group 1 Manual Group 2 Non-manual Group 3 Professional Cost of Basic cover (2 units of death and 2 units of TPD cover) per week Extra unit of death (including terminal illness) cover per week $9.22 $4.62 $4.32 $2.14 $1.70 $1.59 Extra unit of TPD cover per week $2.47 $0.61 $0.57 Weekly cost for 3 units of death cover and 3 units of TPD cover $13.83 $6.93 $6.48 6

7 Example: Rob, a 36 year old truck driver (age 37 next birthday), joins TWUSUPER. He is a Group 1 member. Looking at Table 1 (see page 8), Rob receives $120,600 of death and TPD cover. Cost: Rob s weekly premium for basic insurance is $9.22 per week (see Cost of basic cover table on page 6). As Rob applied for an additional unit of basic cover within 120 days of joining TWUSUPER he didn t have to provide any health evidence. Rob s total basic cover with the extra unit will be $180,900. Rob will now have basic cover consisting of three units of death and TPD cover. His weekly premium will increase to $13.83 per week. How do you reduce your basic cover? You can reduce your basic cover at any time by calling us on Any change will be effective the date we receive your valid request. Once you have reduced your level of basic cover, you will need to apply for any voluntary cover if you want to increase your cover in the future. Refer to the Voluntary cover section for more details. How do you cancel your basic cover? You may cancel your basic cover at any time by calling us on Any change will be effective the date we receive your valid request. If you opt out of basic cover, all insurance with the Fund (including voluntary death, TPD and income protection) will also cease. Once you have cancelled your basic cover, if you need cover in the future you will need to apply for voluntary cover and provide health evidence as required. Refer to the Voluntary cover section for more details. 7

8 Death and Total and Permanent Disability cover TABLE 1: Total basic cover (death and TPD) benefit Age next birthday 2 units of death cover plus 2 units of TPD cover (option to add 1 unit of death cover plus 1 unit of TPD cover) Group 1 $9.22 per week Group 2 $4.62 per week Group 3 $4.32 per week Death cover TPD cover Death cover TPD cover $150,700 $150,700 $270,400 $270, $148,700 $148,700 $266,300 $266, $146,700 $146,700 $260,200 $260, $142,700 $142,700 $254,100 $254, $138,700 $138,700 $246,000 $246, $132,600 $132,600 $237,800 $237, $126,600 $126,600 $230,900 $230, $120,600 $120,600 $223,400 $223, $114,600 $114,600 $216,100 $216, $108,500 $108,500 $208,600 $208, $102,500 $102,500 $201,000 $201, $96,470 $96,470 $193,520 $193, $91,440 $91,440 $186,000 $186, $87,420 $87,420 $178,480 $178, $84,410 $84,410 $170,960 $170, $82,400 $82,400 $163,440 $163, $78,380 $78,380 $155,910 $155, $76,370 $76,370 $148,390 $148, $74,360 $74,360 $140,870 $140, $71,350 $71,350 $133,350 $133, $69,340 $69,340 $125,830 $125, $67,330 $67,330 $118,310 $118, $64,310 $64,310 $110,790 $110, $60,890 $60,890 $103,470 $103,470 8

9 TABLE 1 : Total basic cover (death and TPD) benefit (continued) Age next birthday 2 units of death cover plus 2 units of TPD cover (option to add 1 unit of death cover plus 1 unit of TPD cover) Group 1 $9.22 per week Group 2 $4.62 per week Group 3 $4.32 per week Death cover TPD cover Death cover TPD cover 54 $57,680 $57,680 $95,950 $95, $54,260 $54,260 $88,430 $88, $50,850 $50,850 $80,900 $80, $47,430 $47,430 $73,380 $73, $44,010 $44,010 $65,860 $65, $40,600 $40,600 $58,340 $58, $37,380 $37,380 $50,820 $50, $33,960 $32,560 $46,140 $44, $31,150 $22,510 $42,690 $30, $28,540 $13,670 $38,620 $18, $25,720 $6,230 $35,170 $8, $24,520 $2,810 $33,540 $3,860 66* $22,510 $2,810 $30,900 $3,860 67* $20,900 $2,810 $28,460 $3,860 68* $18,890 $2,810 $26,020 $3,860 69* $17,480 $2,810 $23,990 $3,860 70* $16,080 $2,810 $21,950 $3,860 * If you are 65 to 69 years of age, the only TPD definitions for which you are covered are: A. loss of limbs C. activities of daily living, and E. activities of daily work. For definitions refer to pages 26 and 27. Note: To calculate the value of one unit of basic cover, divide the total basic cover for your age and insurance group by two. To calculate the value of three units of basic cover, follow the above steps and multiply the value of one unit by three. 9

10 Death and Total and Permanent Disability cover Fixing your basic cover Unless you choose to fix your basic cover, the dollar amount of cover will decrease as you get older (see Table 1 on pages 8 and 9) while the premiums you pay will stay the same. You can choose to fix your basic cover at any time without the need to provide health evidence.* This means the dollar amount of cover remains fixed, and as you get older, the premiums will generally increase with your age. If you choose to fix your cover, the dollar amount of basic cover will be rounded up to the nearest $1,000. Table 2 on pages 17 and 18 shows weekly premiums per $1,000 of fixed basic cover by age and insurance group. * Provided you have not claimed and/or are not entitled to claim, a terminal illness or TPD benefit from the Fund, another super fund or a life insurance company. Example: Mary will be 53 years old on her next birthday. She is a delivery driver and belongs to insurance Group 1. Mary currently has $60,890 of death and TPD cover (this equals two units of basic cover). Mary s basic cover insurance premiums are $9.22 per week. Mary wants to fix her basic cover so that the value of her cover does not decrease as she gets older. Her fixed cover will be equal to her current cover, rounded up to the nearest $1,000. Fixed death and TPD cover $61,000 ($60,890 rounded up to the nearest $1,000) Fixed cover premiums are calculated using $1,000 units $61,000 = 61 units New insurance premiums for the fixed cover Death cover premium per week 61 x $0.070 = $4.270 TPD cover premium per week 61 x $0.081 = $4.941 Total premium per week for fixed death and TPD cover $9.21 Mary s insurance premium for fixed cover will generally increase at each birthday, as shown in Table 2. 10

11 Switching between fixed basic and basic cover You can switch between fixed basic and basic cover at any time by completing and returning the Membership application form or the Switch into or out of fixed cover form. For a copy go to twusuper.com.au, call or us. If you want to switch back from fixed basic cover to basic cover: your basic cover will revert to the number of units of basic cover you held before you fixed your basic cover, and your premiums and the level of your basic cover will be calculated based on your age at your next birthday at the date of receiving your form. Table 1 on pages 8 and 9 sets out the amount of cover that applies for your age. Example: Following on from the previous example, Mary will now be 56 years old on her next birthday. Mary still has $61,000 of fixed death and TPD cover, but her premiums have increased to $11.04 per week. She has decided to switch her fixed basic cover back to basic cover. Mary had two units of basic cover before she fixed her cover. Looking at Table 1, if Mary switches back to basic cover, she will receive $50,850 of death and TPD cover. Cost: Mary s weekly premium for basic insurance will revert to $9.22 per week. 11

12 Death and Total and Permanent Disability cover Voluntary cover If you are an Industry (TWUSUPER) or Corporate (Transuper) division member you may decide to add to your basic cover. If you are a Personal (TransPersonal) division member you may decide you need some insurance cover. You can apply for up to a total of $10 million of death cover and $2.5 million of TPD cover. These totals include basic (or fixed basic) and voluntary cover in all accounts with the Fund. With the Fund you can: apply to transfer existing cover apply for death and TPD cover voluntary cover apply for lifetime event cover no health evidence needed. Transfer existing cover You may be eligible to transfer your existing death, TPD or income protection insurance cover to the Fund from another super fund or life insurer. This means that if you meet the transfer conditions, we will match the dollar amount of cover you have under your existing insurance, subject to the maximum cover limits of the Fund s insurance policy. The cost of cover and the terms and conditions that will apply to the transferred cover will be those under our Fund s insurance policy. However, if you have any exclusions or special conditions on your old policy, these will carry over with your transferred cover. See Table 2 on pages 17 and 18 for the premiums that apply to transferred death and TPD cover for each occupation group and Table 3 on pages 23 and 24 for the premiums that apply to transferred income protection cover. Can you transfer your existing insurance cover? You are generally eligible to transfer existing cover if you meet all of the following conditions: your other insurance cover is in place and current when you request the transfer you cancel your other insurance cover within 60 days of receiving confirmation that your transfer of cover has been accepted you have not made a TPD claim under any other insurance policy and you are not eligible to make a claim in the future the insurer is satisfied you have not been diagnosed with an illness that would reduce your life expectancy to less than 12 months you are at work at the time you apply to transfer your cover you can provide evidence of your existing cover satisfactory to the insurer you complete the Insurance transfer: TWUSUPER and Divisions form. 12

13 How to apply to transfer your existing cover To transfer your existing cover into the Fund, you need to send the following to us: 1. completed Insurance transfer: TWUSUPER and Divisions form 2. a copy of one of the following that shows your insured values: a. up-to-date statement b. certificate of currency c. written confirmation from the other fund/life insurer. (This must be current and provided to us within 60 days of the issue date.) You can obtain the Insurance transfer: TWUSUPER and Divisions form from twusuper.com.au or by calling us. Cost of transferred cover The cost of transferred cover depends on your age and your insurance group (ie Group 1, 2 or 3). To work out the weekly premium for your age and insurance group, refer to the premium rates in Table 2 on pages 17 and 18. The cost of cover is automatically deducted from your super account on a monthly basis, so you don t have to pay for it out of your pocket. Please note that transferred cover is added to your TWUSUPER account as fixed cover. This means that the premiums will increase as you get older to ensure the amount of transferred cover does not reduce. Example: George is 46 years old (age 47 next birthday). He is a Group 1 member of TWUSUPER. George has death cover of $300,000 with his old super fund and wants to transfer this cover to TWUSUPER so he can close his old account. Cost: Looking at Table 2, Fixed and voluntary cover premiums (see page 17), the weekly premium for $1,000 of death cover for a Group 1 member turning 47 next birthday is $ If George meets all the conditions and requirements to transfer his cover to TWUSUPER, he will pay a weekly premium of $16.80 (or 300 units x $0.056) for $300,000 of additional death cover. Premiums for transferred cover increase with age. The cost of transferred cover is in addition to the premiums George pays for his basic cover. George will hold his transferred cover in addition to his basic cover with TWUSUPER. Importantly, George did not have to provide any medical evidence. Note: It is important not to close your old super account or cancel any insurance cover until you have received written confirmation from the Fund that your transfer of cover has been accepted by our Insurer. 13

14 Death and Total and Permanent Disability cover Who can apply for voluntary cover? You must be under age 70 to apply for voluntary death cover or voluntary death and TPD cover. If you are a member of our Industry (TWUSUPER) or Corporate (Transuper) division you must also hold basic cover. You need to decide on the amount of cover you want and then apply for the appropriate number of units to receive that amount. You can apply for up to a total of $10 million of death cover and $2.5 million of TPD cover. These totals include basic (or fixed basic) and voluntary cover. Each unit provides cover of $1,000. For example, if you want an extra $85,000 death and TPD cover, you need 85 units of voluntary cover. How do you apply for voluntary cover? You can apply for voluntary cover by either logging in to your secure online account through MemberAccess, or complete the Voluntary cover section of the Application for additional insurance form, including the CommInsure Personal Statement. You can download this form from twusuper.com.au. Voluntary insurance cover is subject to the insurer accepting the application, after considering your health and other evidence as required. We require your consent to collect, use or disclose your health and other personal information you provide in the CommInsure Personal Statement. This information is collected and provided to the insurer to assess your eligibility for insurance and to administer your application. If you need help completing insurance forms please contact the Client Relations Team. See page 35 for details. When does cover start? Your voluntary cover will start on the date the insurer accepts your application for cover. Voluntary cover is not currently offered where a premium loading would apply. Cost of voluntary cover The cost of voluntary cover depends on your age and your insurance group (ie Group 1, 2 or 3). To work out the weekly premium for your age and insurance group, refer to the premium rates in Table 2 on pages 17 and 18. The cost of cover is automatically deducted from your super account on a monthly basis, so you don t have to pay for it out of your pocket. Please note that voluntary cover is added to your TWUSUPER account as fixed cover. This means that the premiums will increase as you get older. 14

15 Example: Pete and Karen want to take out voluntary insurance: Name Pete Karen Age 54 years old next birthday 41 years old next birthday Insurance group Group 2 Group 3 Amount of cover needed An extra $120,000 death and TPD cover An extra $510,000 death and TPD cover To find out how much this insurance will cost per week, refer to Table 2 on pages 17 and 18. Cost calculation $120,000 cover = 120 units (each unit is $1,000) Death premium = 120 units x $0.035 = $4.20 TPD premium = 120 units x $0.013 = $1.56 Total premium = $ $1.56 = $5.76 per week $510,000 cover = 510 units (each unit is $1,000) Death premium = 510 units x $0.016 = $8.16 TPD premium = 510 units x $0.006 = $3.06 Total premium = $ $3.06 = $11.22 per week Lifetime event cover Following a lifetime event, if you currently have cover with us, you may be eligible to apply for additional death only or death and TPD cover with no health evidence required. These events include: birth or legal adoption of a child marriage or divorce mortgaging a home as security for a loan to purchase that home (can only be used once) death of a spouse a child s first day at primary or secondary school first becoming eligible for a Centrelink carer s allowance. If any of these events happen, you can apply for additional cover where the maximum increase is the lesser of: the equivalent of one unit of basic cover based on your age next birthday (Not applicable for members of our TransPersonal division), or $150,000, or 100% of your current cover. Importantly, you do not need to provide any health evidence to obtain this additional cover. However, to be eligible for additional TPD cover you must have TPD cover at the time. In certain circumstances limited cover may apply - see page

16 Death and Total and Permanent Disability cover To apply for lifetime event cover you will need to send us the following two items: 1. the completed Application for Lifetime Event insurance cover form, and 2. proof that the lifetime event occurred (eg marriage certificate, divorce order, birth certificate, adoption documentation, mortgage document etc). You can download a copy of the form from twusuper.com.au or call us. You can apply for lifetime event cover more than once, except in the case of mortgaging your home as security for a loan to purchase your home, where you can claim for this event once. Please note you are limited to one application per lifetime event in any 12 month period. Look out for your reminder to apply with your 30 June annual member statement and 31 December transaction summary (usually sent out around September and February each year). You need to apply for the cover within 60 days of the relevant lifetime event occurring or within 60 days from the date of the next member statement issued to you following the occurrence of the event. You must also lodge your application before your cover ends, and before your date of disablement. You are ineligible for lifetime event cover if the insurer has previously rejected your application for cover. If you are not in active employment on the date your additional lifetime event cover commences, limited cover conditions apply to the increase in additional cover until you return to active employment for two consecutive months (see page 32). Loyalty bonus when you claim Simply by being an insured member of the Fund for 10 or more continuous years, you may be entitled to an automatic increase to your death or TPD insurance benefits when you make a claim. As a loyalty bonus, any insured death, terminal illness or TPD benefit payable will be increased by an additional 5% at the time of entitlement (subject to the maximum cover levels on page 29). You don t need to do anything for this to apply and no additional premiums will be charged. The bonus amount will be included if our insurer accepts your claim. 16

17 TABLE 2: Fixed and voluntary cover premiums You can use this table to calculate the cost of fixed basic cover, transferred cover and voluntary cover. Age next birthday Premiums for $1,000 sum insured per week Group 1 Group 2 Group 3 Death TPD Death TPD Death TPD $0.028 $0.033 $0.013 $0.005 $0.012 $ $0.029 $0.033 $0.013 $0.005 $0.012 $ $0.029 $0.034 $0.013 $0.005 $0.012 $ $0.030 $0.035 $0.013 $0.005 $0.013 $ $0.031 $0.036 $0.014 $0.005 $0.013 $ $0.032 $0.037 $0.014 $0.005 $0.013 $ $0.034 $0.039 $0.015 $0.005 $0.014 $ $0.036 $0.041 $0.015 $0.005 $0.014 $ $0.037 $0.043 $0.016 $0.006 $0.015 $ $0.039 $0.046 $0.016 $0.006 $0.015 $ $0.042 $0.048 $0.017 $0.006 $0.016 $ $0.044 $0.051 $0.018 $0.006 $0.016 $ $0.047 $0.054 $0.018 $0.007 $0.017 $ $0.049 $0.057 $0.019 $0.007 $0.018 $ $0.051 $0.059 $0.020 $0.007 $0.019 $ $0.052 $0.060 $0.021 $0.007 $0.019 $ $0.055 $0.063 $0.022 $0.008 $0.020 $ $0.056 $0.065 $0.023 $0.008 $0.021 $ $0.058 $0.066 $0.024 $0.009 $0.023 $ $0.060 $0.069 $0.025 $0.009 $0.024 $ $0.062 $0.071 $0.027 $0.010 $0.025 $ $0.064 $0.073 $0.029 $0.010 $0.027 $ $0.067 $0.077 $0.031 $0.011 $0.029 $ $0.070 $0.081 $0.033 $0.012 $0.031 $

18 Death and Total and Permanent Disability cover TABLE 2: Fixed and voluntary cover premiums (continued) You can use this table to calculate the cost of fixed basic cover, transferred cover and voluntary cover. Age next birthday Premiums for $1,000 sum insured per week Group 1 Group 2 Group 3 Death TPD Death TPD Death TPD 54 $0.074 $0.086 $0.035 $0.013 $0.033 $ $0.079 $0.091 $0.038 $0.014 $0.036 $ $0.084 $0.097 $0.042 $0.015 $0.039 $ $0.090 $0.104 $0.046 $0.017 $0.043 $ $0.097 $0.112 $0.052 $0.019 $0.048 $ $0.106 $0.122 $0.058 $0.021 $0.055 $ $0.115 $0.132 $0.067 $0.024 $0.063 $ $0.126 $0.152 $0.074 $0.028 $0.069 $ $0.138 $0.219 $0.079 $0.040 $0.075 $ $0.150 $0.361 $0.088 $0.066 $0.082 $ $0.167 $0.793 $0.096 $0.144 $0.091 $ $0.175 $1.758 $0.101 $0.316 $0.095 $ * $0.190 $1.758 $0.110 $0.316 $0.103 $ * $0.205 $1.758 $0.119 $0.316 $0.112 $ * $0.227 $1.758 $0.130 $0.316 $0.122 $ * $0.245 $1.758 $0.141 $0.316 $0.133 $ * $0.266 $1.758 $0.155 $0.316 $0.145 $0.293 * If you are 65 to 69 years of age, the only TPD definitions for which you are covered are: A. loss of limbs C. activities of daily living, and E. activities of daily work. For definitions refer to pages 26 and

19 Income protection cover Income protection cover can give you peace of mind by providing you with monthly income through benefit payments. These are designed to replace some of your lost income for up to two years if you are unable to work because of sickness or injury. Who can apply for income protection cover? Division: Industry (TWUSUPER) and Corporate (Transuper) Members who have basic cover and are aged 14 or more but less than 65 and: Division: Personal (TransPersonal) Members who are aged 14 or more but less than 65 and: permanently employed by an employer, or permanently employed, or casually employed by an employer for at least 15 hours per week, or not employed by an employer but are working for reward for at least 15 hours per week and are generating your income directly due to personal exertion or activity (eg self-employed). casually employed and working at least 15 hours per week, or not employed by an employer but are working for reward for at least 15 hours per week and are generating your income directly due to personal exertion or activity (eg self-employed). How much cover can you apply for? If you are eligible for income protection cover the minimum monthly benefit is $1,000 per month. The maximum monthly benefit you can claim is the lower of: 84.5% of your pre-disability income, or your agreed value of income protection cover, or $30,000 per month. Your income protection benefits will be paid as up to 75% of your pre-disability income direct to you, plus up to 9.5% of your pre-disability income paid into your super account provided that your agreed value of income protection cover is sufficient. The income protection benefit payable is subject to the monthly maximum benefit referred to above and the 9.5% payment to your super account may vary to match any future changes in the Superannuation Guarantee rate. Income protection benefit payments are gross of tax and will be taxed at your PAYG income tax rate. It is important that you review the level of your income protection cover on a regular basis to make sure that you always have the appropriate level of cover, particularly if your salary changes. How do you apply for income protection cover? You can apply for income protection cover by either logging into your secure online account through Member Access, or complete the income protection cover section of the Application for additional insurance form, including the CommInsure Personal Statement. You can download this from twusuper.com.au. You need to decide on the amount of cover you want and then apply for the appropriate number of units to receive that amount. You also need to decide whether you want a 30 or 90 day waiting period. 19

20 Income protection cover If you do not choose a waiting period when you apply for cover, you will automatically be provided with a 30 day waiting period. You should be aware that higher premiums apply for a 30 day waiting period. Each unit provides income protection cover of $100 per month. For example, if you want to be insured for $2,500 monthly benefit payments you will need to apply for 25 units of cover. Your income protection insurance cover will start on the date the insurer accepts your application for cover. If you need help completing the insurance forms please contact the Client Relations Team. See page 35 for details. Your income protection cover is subject to the insurer accepting your application after considering your health and other evidence. Transfer existing income protection cover You may be able to transfer your income protection cover to the Fund from another super fund or life insurer. Any income protection cover you wish to transfer must be on the same basis as the cover available in the Fund that is, with a minimum two year benefit period and a waiting period of between 30 and 150 days. Benefit periods greater than two years (e.g. five years, to age 60, etc) will be transferred as a two year benefit. Current cover waiting period 30 to 60 days 30 days 90 to 150 days 90 days Transferred cover waiting period with the Fund See Table 3 on pages 23 and 24 for the premiums that apply to transferred income protection cover. When does an income protection benefit start? The income protection benefit will be paid monthly in arrears and will start once: the waiting period of 30 or 90 days has elapsed, and the insurer has determined that you are disabled due to sickness or injury. No benefits are paid during the waiting period. The waiting period starts on the date a Medical Practitioner examines you and certifies that you are disabled. Your monthly income protection benefit will be reduced by any disability income you receive (see page 21). If you are eligible to receive income protection payments from another fund or insurer, you may apply in writing for the Fund s waiting period to be extended so that it does not end until the payment period of the other income protection ceases. You must submit this application before your 30 (or 90) day waiting period with us ends. If you return to work in your normal occupation or work at full capacity during the waiting period and subsequently cease such work because of the sickness or injury that caused your disability, the waiting period will start again from the date a Medical Practitioner next examines you and certifies that you are disabled, unless the total number of days of your return to work is less than, or equal to, 10% of the number of days of your chosen waiting period. If you are on leave without pay at the date you become disabled, income protection benefits will not be paid to you until after your specified return date that was approved by your employer before you went on leave. 20

FIRSTCHOICE EMPLOYER SUPER

FIRSTCHOICE EMPLOYER SUPER FIRSTCHOICE EMPLOYER SUPER Insurance Issue No 2015/1, dated 18 May 2015 Investments in FirstChoice Employer Super are offered from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298

More information

LifeProtect Insurance

LifeProtect Insurance LifeProtect Insurance LifeProtect Insurance Brochure Dated: 1 July 2010 Issued by Avanteos Investments Limited (Trustee) ABN 20 096 259 979 AFS Licence No. 245531 Locked Bag 3460 GPO Melbourne VIC 3001

More information

Insurance Guide Date of issue: 1 March 2015

Insurance Guide Date of issue: 1 March 2015 www.mtaasuper.com.au Phone: 1300 362 415 / Fax: 1300 365 142 Insurance Guide Date of issue: 1 March 2015 The information in this document forms part of the Product Disclosure Statement for MTAA Super dated

More information

Insurance Guide. 15 December 2014. Contents. Important information. For more information

Insurance Guide. 15 December 2014. Contents. Important information. For more information Insurance Guide 15 December 2014 Contents 1. Insurance in your Super... 2 2. Complete Super at a glance... 2 3. Death and TPD cover... 2 4. Income Protection insurance cover... 4 6. Group Income Protection

More information

Insurance FirstChoice Super products

Insurance FirstChoice Super products Insurance FirstChoice Super products Personal Super Wholesale Personal Super Issue No 2013/1, dated 11 June 2013 Investments in FirstChoice Personal Super and FirstChoice Wholesale Personal Super are offered

More information

Optional Income Protection Insurance Cover

Optional Income Protection Insurance Cover Optional Income Protection Insurance Cover Members of AMIST Super may apply for Income through the fund. This insurance provides benefits in the event that you are unable to work in your current occupation

More information

Income Protection Policy Addendum Dated 10 October 2010

Income Protection Policy Addendum Dated 10 October 2010 Income Protection Policy Addendum Dated 10 October 2010 Policy Addendum for Income Protection Please read this document and keep it in a safe place with your Income Protection Policy Document. It is important

More information

Tasplan Super Insurance Booklet ISSUED JANUARY 2015

Tasplan Super Insurance Booklet ISSUED JANUARY 2015 Tasplan Super Insurance Booklet ISSUED JANUARY 2015 TASPLAN INSURANCE BOOKLET Contact Details Head Office: Level 8, 1 Franklin Wharf Hobart TAS 7000 Postal Address: GPO Box 1547 Hobart TAS 7001 Telephone:

More information

POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01

POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01 AIA Australia Limited (ABN 79 004 837 861 AFSL 230043) PO Box 6111 St Kilda Road Central VIC 8008 Phone : 1800 333 613 Fax : 1800 832 266 AIA.COM.AU POLICY NO. MP9958, MP9959, MP9961 - ENDORSEMENT 01 This

More information

Insurance Guide. Super. Western Australia (WA) Coal Division 1 October 2015

Insurance Guide. Super. Western Australia (WA) Coal Division 1 October 2015 Super Insurance Guide Western Australia (WA) Coal Division 1 October 2015 The information in this document forms part of the Product Disclosure Statement (PDS) for the Mine Wealth and Wellbeing Superannuation

More information

Insurance Guide Dated 1 July 2012

Insurance Guide Dated 1 July 2012 www.mtaasuper.com.au Phone: 1300 362 415 / Fax: 1300 365 142 Insurance Guide Dated 1 July 2012 The information in this document forms part of the Product Disclosure Statement for MTAA Super dated 1 July

More information

Insurance in your super

Insurance in your super Insurance in your super The information in this document forms part of the: UniSuper Accumulation 1 Product Disclosure Statement issued on 3 January 2015 UniSuper Defined Benefit Division and Accumulation

More information

INSURANCE GUIDE INSIDE. Rebecca Farrell QIEC Super member

INSURANCE GUIDE INSIDE. Rebecca Farrell QIEC Super member INSURANCE GUIDE INSIDE Cover your family How much insurance do you need? Discount insurance products Insurance basics Rebecca Farrell QIEC Super member Prepared 1 June 2012 by the Trustee QIEC Super Pty

More information

PROTECT YOUR INCOME IF YOU CAN T WORK

PROTECT YOUR INCOME IF YOU CAN T WORK This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 1 April 2014 PROTECT YOUR INCOME IF YOU CAN T WORK FACT SHEET 7 1 APRIL 2014 It s vital that you re prepared

More information

Group Insurance. Product Disclosure Statement. pr tect. Depend on our people to. your people

Group Insurance. Product Disclosure Statement. pr tect. Depend on our people to. your people Group Insurance Product Disclosure Statement pr tect Depend on our people to your people This booklet contains Product Disclosure Statements for: Group Life Group Salary Continuance Issue number 9, 28

More information

Insurance guide. Personal Division. This guide contains important information about your NSF Super insurance options.

Insurance guide. Personal Division. This guide contains important information about your NSF Super insurance options. Insurance guide Personal Division This guide contains important information about your NSF Super insurance options. Contents Contents 1. Death and TPD insurance cover... 3 2. Income Protection insurance

More information

Inside... Back cover. 1: Your insurance options at a glance 03 2: Death and TPD cover 04 3. Payment of TPD benefits 06 4: Income Protection cover 10

Inside... Back cover. 1: Your insurance options at a glance 03 2: Death and TPD cover 04 3. Payment of TPD benefits 06 4: Income Protection cover 10 Issued 1 July 2015 Insurance in Your Super booklet The information in this document forms part of the Mercy Super Product Disclosure Statement (PDS) Issued by Mercy Super Pty Ltd (ABN 98 056 047 324, AFSL

More information

Protecting you and your family. Insurance guide. www.csf.com.au. Effective 1 April 2014

Protecting you and your family. Insurance guide. www.csf.com.au. Effective 1 April 2014 Protecting you and your family Insurance guide Effective 1 April 2014 www.csf.com.au Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the Catholic Superannuation Fund ABN 50 237 896

More information

FIRSTCHOICE INSURANCE

FIRSTCHOICE INSURANCE FIRSTCHOICE INSURANCE Personal Super Wholesale Personal Super Issue No 2015/1, dated 18 May 2015 Investments in FirstChoice Personal Super and FirstChoice Wholesale Personal Super are offered from the

More information

Energy Super Insurance Guide. Prepared and issued 30 April 2013

Energy Super Insurance Guide. Prepared and issued 30 April 2013 Energy Super Insurance Guide Prepared and issued 30 April 2013 Contents Insurance Overview 1 Death & Total and Permanent Disablement cover 1 Income Protection cover 9 Other insurance information 15 Definitions

More information

ENERGY SUPER INSURANCE GUIDE. Prepared and issued 1 July 2015

ENERGY SUPER INSURANCE GUIDE. Prepared and issued 1 July 2015 ENERGY SUPER INSURANCE GUIDE Prepared and issued 1 July 2015 CONTENTS Insurance Overview 1 Death & TPD cover 1 Income Protection cover 10 Other insurance information 18 Definitions 19 ABOUT THIS ENERGY

More information

protecting you and your family

protecting you and your family protecting you and your family Insurance guide Effective 1 July 2015 Issued by CSF Pty Limited ABN 30 006 169 286, AFSL 246664, Trustee of the MyLifeMyMoney Superannuation Fund ABN 50 237 896 957 mylifemyinsurance.com.au

More information

Income Protection Policy Addendum Dated 23 April 2007

Income Protection Policy Addendum Dated 23 April 2007 Income Protection Policy Addendum Dated 23 April 2007 Income Protection Please read this document and keep it in a safe place with your Income Protection Policy Document. It is important that you read

More information

Insurance Guide. Employer Sponsored Division. www.amist.com.au service@amist.com.au Issued: 20 April 2015. AMIST Super Hotline

Insurance Guide. Employer Sponsored Division. www.amist.com.au service@amist.com.au Issued: 20 April 2015. AMIST Super Hotline Insurance Guide Employer Sponsored Division AMIST Super Hotline 1800 808 614 The information in this document forms part of the Product Disclosure Statement for AMIST Super Employer Sponsored Division

More information

Changes to UniSuper products. AA Leah Heiss, RMIT NOVEMBER 2013. INSURANCE AA What will happen while we transfer our external insurance arrangements

Changes to UniSuper products. AA Leah Heiss, RMIT NOVEMBER 2013. INSURANCE AA What will happen while we transfer our external insurance arrangements Changes to UniSuper products NOVEMBER 2013 Read this brochure to find out about: What will happen while we transfer our external arrangements from Hannover Life Re of Australasia (Hannover) to TAL Life

More information

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper AMP Life fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the

More information

Insurance in your superannuation 3. Death and Total and Permanent Disablement (TPD) cover 3. Income protection cover 8. The Insurer s definitions 12

Insurance in your superannuation 3. Death and Total and Permanent Disablement (TPD) cover 3. Income protection cover 8. The Insurer s definitions 12 1 July 2014 JUMP TO Insurance in your superannuation 3 Death and Total and Permanent Disablement (TPD) 3 Income protection 8 The Insurer s definitions 12 Nominating your beneficiary 16 The information

More information

NESS Super Insurance changes. NESS Super Insurance changes. NESS Super, we ve got you covered...

NESS Super Insurance changes. NESS Super Insurance changes. NESS Super, we ve got you covered... NESS Super Insurance changes NESS Super Insurance changes NESS Super, we ve got you covered... Insurance Guide Insured Benefits from 1 July 2013 1 Default Insurance cover This information should be read

More information

Insurance guide. SignatureSuper MetLife fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper MetLife fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper MetLife fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the

More information

INCOME PROTECTION DEFINITIONS

INCOME PROTECTION DEFINITIONS INCOME PROTECTION (IP) COVER DEFINITIONS We can provide a copy of our full Group Income Protection Policy document upon request. Please contact 1300 133 177 if you would like us to send you a copy. DEFINITIONS

More information

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans

ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015. Tailored Employer Plans ANZ Smart Headline Choice goes Super here ADDITIONAL DESCRIPTION DATE INSURANCE GUIDE FOR EMPLOYERS AND THEIR EMPLOYEES 25 MAY 2015 Tailored Employer Plans Legal entity referred to in this Guide Name of

More information

Insurance in your super

Insurance in your super Insurance in your super Fact sheet Information in this fact sheet is current as at 1 July 2015 Contents Overview 1 What is Life cover? 5 How your Life cover works 6 When is your insured benefit payable?

More information

WA Super Insurance Guide

WA Super Insurance Guide MY SUPER APPROVED WA Super Insurance Guide The information in this document forms part of the WA Super Product Disclosure Statement, November 2013 You should read the PDS in conjunction with this Member

More information

Important changes to insurance

Important changes to insurance Important changes to insurance Effective 1 July 2013 rest.com.au 1800 063 627 Contents Why have these changes been made? 2 New cover levels 2 New insurance costs 5 Access to higher cover under the new

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement 30 September 2013 ClearView LifeSolutions is issued by ClearView Life Assurance Limited: ABN 12 000 021 581, AFS Licence No. 227682. ClearView LifeSolutions Super is issued

More information

Insurance and your PSSap super

Insurance and your PSSap super Insurance and your PSSap super Issued 1 July 2013 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation accumulation plan (PSSap), sixth edition,

More information

1 July 2015. REI Super. Insurance Guide INDUSTRY SUPER FUND LOW FEES RUN ONLY TO BENEFIT MEMBERS

1 July 2015. REI Super. Insurance Guide INDUSTRY SUPER FUND LOW FEES RUN ONLY TO BENEFIT MEMBERS Insurance Guide 1 July 2015 REI Super Insurance Guide INDUSTRY SUPER FUND LOW FEES RUN ONLY TO BENEFIT MEMBERS CONTENTS 1. REI Super Insurance at a glance 2. Your insurance options 3. Death and Total and

More information

The Insurer s definitions 12. Nominating your beneficiary 16

The Insurer s definitions 12. Nominating your beneficiary 16 Russell iq Super 1 July 2014 JUMP TO Insurance in your superannuation 3 The Insurer s definitions 12 Nominating your beneficiary 16 The information in this document provides additional information to the

More information

LIFEPROTECT INSURANCE

LIFEPROTECT INSURANCE LIFEPROTECT INSURANCE DATED: 1 NOVEMBER 2014 Issued by Avanteos Investments Limited (Trustee) ABN 20 096 259 979 AFS Licence No. 245531 Locked Bag 3460 GPO Melbourne VIC 3001 Phone 1800 113 116 CONTENTS

More information

LIFE, TERMINAL ILLNESS AND DISABILITY DEFINITIONS

LIFE, TERMINAL ILLNESS AND DISABILITY DEFINITIONS We can provide a copy of our full Group Life Insurance Policy document upon request. Please contact 1300 133 177 if you would like us to send you a copy. LIFE, INAL ILLNESS AND DISABILITY (TPD) COVER DEFINITIONS

More information

Important news for MTAA Super members

Important news for MTAA Super members Dear member, Important news for MTAA Super members I am writing to advise you of some important changes to your insurance cover with MTAA Super that will come into effect on 1 March 2015. MTAA Super understands

More information

LIFE, DISABILITY AND INCOME PROTECTION

LIFE, DISABILITY AND INCOME PROTECTION This document forms part of the NGS Super Member Guide (Product Disclosure Statement) dated 14 August 2015 LIFE, DISABILITY AND INCOME PROTECTION * FACT SHEET 6 14 AUGUST 2015 It s vital that you re prepared

More information

Insurance in your super

Insurance in your super Insurance in your super Employer-sponsored and personal superannuation members. This document was prepared on 3 August 2015. The information in this document forms part of the Statewide product disclosure

More information

Insurance handbook. Peace of mind for VicSuper FutureSaver members and their families

Insurance handbook. Peace of mind for VicSuper FutureSaver members and their families Insurance handbook Peace of mind for VicSuper FutureSaver members and their families 1 July 2015 Contents Contents Need help with the calculations? Take advantage of our online insurance calculators to

More information

Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT. Steadfast 1

Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT. Steadfast 1 Product Information GROUP INSURANCE PRODUCT DISCLOSURE STATEMENT Steadfast 1 CONTENTS OVERVIEW Overview 3 General advice notice 3 How to read this document 3 How to contact us 3 About MetLife 4 About Steadfast

More information

Insurance Guide Date of issue: 1 December 2012

Insurance Guide Date of issue: 1 December 2012 www.mtaasuper.com.au Phone: 1300 362 415 / Fax: 1300 365 142 Insurance Guide Date of issue: 1 December 2012 The information in this document forms part of the Product Disclosure Statement for MTAA Super

More information

Personal Choice Private Insurance Service

Personal Choice Private Insurance Service Personal Choice Private Insurance Service Product Disclosure Statement I Issue date: 28 March 2011 Life Protection Total & Permanent Disablement (TPD) Salary Continuance Please read this Product Disclosure

More information

Insurance Dated 1 March 2012

Insurance Dated 1 March 2012 www.mtaasuper.com.au Phone: 1300 362 415 / Fax: 1300 365 142 Insurance Dated 1 March 2012 The information in this document forms part of the Product Disclosure Statement for MTAA Super dated 1 March 2012

More information

Insurance guide. Employer Sponsored Division. This guide contains important information about your NSF Super insurance options.

Insurance guide. Employer Sponsored Division. This guide contains important information about your NSF Super insurance options. Insurance guide Employer Sponsored Division This guide contains important information about your NSF Super insurance options. Contents Contents 1. Automatic Death and TPD insurance cover... 3 2. Voluntary

More information

Super Informed Accumulation 2

Super Informed Accumulation 2 Super Informed Accumulation 2 This special edition of Super Informed should be read together with your personalised letter and estimate, which together form a Significant Event Notice. October 2014 2 About

More information

Insurance guide. SignatureSuper AMP Life Association and Personal fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. SignatureSuper AMP Life Association and Personal fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide SignatureSuper AMP Life Association and Personal fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document

More information

Insurance and superannuation claims

Insurance and superannuation claims Fact Sheet Insurance and superannuation claims (excluding death claims) This fact sheet provides information about making claims for total and permanent disablement permanent incapacity, a terminal illness

More information

Issued ₁ July ₂₀₁₅. Insurance Guide. SignatureSuper AIA fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379.

Issued ₁ July ₂₀₁₅. Insurance Guide. SignatureSuper AIA fact sheet. AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. Issued ₁ July ₂₀₁₅ Insurance Guide SignatureSuper AIA fact sheet AMP Corporate Super Registered trademark of AMP Life Limited ABN 84 079 300 379. The information in this document forms part of the product

More information

Insurance. Who should read this? What you re covered for. What you should know up front. Why should I have Death, TPD and IP cover?

Insurance. Who should read this? What you re covered for. What you should know up front. Why should I have Death, TPD and IP cover? PSSap11 04/12 Insurance Who should read this? Members who want information about death, total permanent disability (TPD) income protection (IP) insurance. What you should know up front It is important

More information

Core Super MySuper. Insurance & Other Important Information 3 August 2015

Core Super MySuper. Insurance & Other Important Information 3 August 2015 Core Super MySuper Insurance & Other Important Information 3 August 2015 As a Core Super MySuper member you have Income Protection as well as Life and Total and Permanent Disablement [TPD] Insurance available

More information

BT Lifetime Super Employer Plan

BT Lifetime Super Employer Plan BT Lifetime Super Employer Plan Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional

More information

REST Super Insurance Guide

REST Super Insurance Guide REST Super Insurance Guide Including Application for insurance Effective 1 January 2016 The information in this document forms part of the REST Super Product Disclosure Statement (PDS) effective 1 October

More information

Flexible Lifetime Super

Flexible Lifetime Super Issued ₁ July ₂₀₁₅ Flexible Lifetime Super Insurance fact sheet Registered trademark of AMP Life Limited ABN 84 079 300 379. This document is a fact sheet for the product disclosure statement (PDS) dated

More information

Wealthpac Superannuation Service Insurance Options

Wealthpac Superannuation Service Insurance Options Date Issued: 12 October 2009 SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT Wealthpac Superannuation Service Insurance Options Important Notice For Members and Employers This notice is supplementary to the

More information

Income Care with either monthly or lump sum benefits

Income Care with either monthly or lump sum benefits Income Care with either monthly or lump sum benefits Important information This advice has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited

More information

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015

BT Business Super. Additional Information Booklet Part 3 Insurance. Dated: 1 July 2015 Last updated: 1 July 2015 BT Business Super Additional Information Booklet Part 3 Insurance Dated: 1 July 2015 Last updated: 1 July 2015 About this Additional Information Booklet This document is Part 3 of the Additional Information

More information

Income Care with either monthly or lump sum benefits

Income Care with either monthly or lump sum benefits Income Care with either monthly or lump sum benefits Important information This advice has been prepared by CommInsure, a registered business name of The Colonial Mutual Life Assurance Society Limited

More information

LifeProtect Insurance

LifeProtect Insurance LifeProtect Insurance Dated: 1 April 2013 Issued by Avanteos Investments Limited (Trustee) ABN 20 096 259 979 AFS Licence. 245531 Locked Bag 3460 GPO Melbourne VIC 3001 Phone 1800 113 116 Contents 1 Your

More information

REST Corporate Insurance Guide

REST Corporate Insurance Guide REST Corporate Insurance Guide Including Application for insurance Effective 1 October 2015 The information in this document forms part of the REST Corporate Product Disclosure Statement (PDS), effective

More information

we make it easy for you

we make it easy for you Insurance Guide PDS Supplement we make it easy for you Dated 10 November 2015 CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725 PDS Supplement The information

More information

5. Your insurance options

5. Your insurance options 5. Your insurance options You work hard for your super savings, so it makes sense to protect it with insurance. At Child Care Super, we provide you with great value insurance cover at some of the best

More information

Insurance Guide. Insured Benefits for Self-Employed Members. NESS Super... we ve got you covered. 1 July 2015

Insurance Guide. Insured Benefits for Self-Employed Members. NESS Super... we ve got you covered. 1 July 2015 Insurance Guide 1 July 2015 NESS Super... we ve got you covered Insured Benefits for Self-Employed Members Issued 1 July 2015 by NESS Super Pty Ltd ABN 28 003 156 812 RSE Licence No L0000161 as trustee

More information

Income Protection Fact Sheet

Income Protection Fact Sheet Income Protection Fact Sheet Who should read this fact sheet? The information in this fact sheet applies to most Defined Contribution (accumulation) members of Energy Super. It is not relevant to Defined

More information

Insurance Booklet. IOOF Portfolio Service Corporate Superannuation IOOF Portfolio Service Employer Superannuation

Insurance Booklet. IOOF Portfolio Service Corporate Superannuation IOOF Portfolio Service Employer Superannuation Insurance Booklet IOOF Portfolio Service Corporate Superannuation IOOF Portfolio Service Employer Superannuation Part 3: Insurance Booklet Supplementary Product Disclosure Statement Dated: 1 November 2007

More information

Tasmanian Accumulation Scheme Death and Incapacity Cover

Tasmanian Accumulation Scheme Death and Incapacity Cover Death and Incapacity Cover Retirement Benefits Fund Tasmanian Accumulation Scheme Death and Incapacity Cover Information in this brochure is current as at 18 January 2012 Retirement Benefits Fund Tasmanian

More information

JUMP TO. Insurance in your superannuation 3. Types of insurance cover within Russell SuperSolution 4. Income protection cover 11

JUMP TO. Insurance in your superannuation 3. Types of insurance cover within Russell SuperSolution 4. Income protection cover 11 Russell SuperSolution General Division 1 July 2015 JUMP TO Insurance in your superannuation 3 Types of insurance cover within Russell SuperSolution 4 Death and Total and Permanent Disablement (TPD) cover

More information

ANZ Super Advantage INSurANce GuIde

ANZ Super Advantage INSurANce GuIde ANZ Super Advantage Insurance Guide 27 February 2012 ANZ Super Advantage Entity details in this Insurance Guide Name of legal entity Registered numbers Abbreviated terms used throughout this Guide OnePath

More information

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs

Sunsuper for life. Insurance guide. Learn more about your insurance Identify your insurance needs Sunsuper for life Insurance guide Learn more about your insurance Identify your insurance needs Preparation date: 9 June 2015 Issue date: 1 July 2015 INSURANCE IN YOUR SUPER Contents 1 Why have insurance?

More information

ANZ Smart Choice Super. Insurance Guide For employers and their employees

ANZ Smart Choice Super. Insurance Guide For employers and their employees ANZ Smart Choice Super Insurance Guide For employers and their employees INSURANCe GUIDE 11 NOVEMBER 2013 ANZ Smart Choice Super Entity details in this Insurance Guide Name of legal entity Registered numbers

More information

Insurance guide. Personal super and retirement account AMP Flexible Super fact sheet. Issued ₁ July ₂₀₁₅

Insurance guide. Personal super and retirement account AMP Flexible Super fact sheet. Issued ₁ July ₂₀₁₅ Issued ₁ July ₂₀₁₅ Insurance guide Personal super and retirement account AMP Flexible Super fact sheet Registered trademark of AMP Limited ABN 49 079 354 519 This is a fact sheet for AMP Flexible Super.

More information

Death and Total and Permanent Disablement (TPD) Cover Fact Sheet

Death and Total and Permanent Disablement (TPD) Cover Fact Sheet Death and Total and Permanent Disablement (TPD) Cover Fact Sheet Who should read this fact sheet? The information in this fact sheet applies to most Defined Contribution (accumulation) members of Energy

More information

Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249

Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249 The Transport Industry Superannuation Fund Insurance Guide Prepared and issued 1 July 2014 Issued by T.I.S. Pty Ltd ABN 73 065 319 735 AFSL 247249. This information in this guide forms part of the Product

More information

Insurance. Product Disclosure Statement. Life Insurance Superannuation Plan & Income Insurance Superannuation is closed. Document not up to date.

Insurance. Product Disclosure Statement. Life Insurance Superannuation Plan & Income Insurance Superannuation is closed. Document not up to date. Insurance Product Disclosure Statement Life Insurance Plan Trauma Insurance Plus Plan Trauma Insurance Plan Total and Permanent Disability Insurance Plan Activities of Daily Living Total and Permanent

More information

Your life your fund REI Super Insurance Guide

Your life your fund REI Super Insurance Guide Your life your fund REI Super Insurance Guide 1 July 2016 CONTENTS 1. REI Super Insurance at a glance 2. Your insurance options 3. Death and Total and Permanent Disablement (TPD) Insurance 4. Changing

More information

Risk Protection Plan. Product Disclosure Statement. Glenelg, SA. Commencement date 1 June 2011

Risk Protection Plan. Product Disclosure Statement. Glenelg, SA. Commencement date 1 June 2011 Risk Protection Plan Product Disclosure Statement Commencement date 1 June 2011 Glenelg, SA Important information Contents Who might need the Risk Protection Plan? 3 The Risk Protection Plan at a glance

More information

Income Protection, Life and Total and Permanent Disablement Insurance for Avant Doctors

Income Protection, Life and Total and Permanent Disablement Insurance for Avant Doctors Aus Income Protection, Life and Total and Permanent Disablement Insurance for Avant Doctors Combined Financial Services Guide and Product Disclosure Statement Avant Insurance Limited ABN 82 003 707 471

More information

PERPETUAL WEALTHFOCUS SUPER PLAN

PERPETUAL WEALTHFOCUS SUPER PLAN PERPETUAL WEALTHFOCUS SUPER PLAN Insurance Book INSURANCE BOOK Dated 17 April 2015 Issued by Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 RSE L0003315 IMPORTANT NOTES This Insurance

More information

Insurance Guide. Superannuation Master Fund. 1 June 2015. Super Accelerator Super Wrap. Issuer/trustee details: netwealth Investments Limited

Insurance Guide. Superannuation Master Fund. 1 June 2015. Super Accelerator Super Wrap. Issuer/trustee details: netwealth Investments Limited Insurance Guide Superannuation Master Fund 1 June 2015 Super Accelerator Super Wrap Gold rating Standard Income Stream and Personal Super* SuperRatings does not issue, sell, guarantee or underwrite this

More information

Asgard Personal Protection Package

Asgard Personal Protection Package Asgard Personal Protection Package Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2015, replaces the SPDS dated 1 July 2014 and supplements information contained in the Product

More information

FREEDOM OF CHOICE GUIDE. Insurance Guide

FREEDOM OF CHOICE GUIDE. Insurance Guide FREEDOM OF CHOICE GUIDE Date Issued: 1 December 2011 Insurance Guide This Insurance Guide has been prepared and issued by the Trustee, Equity Trustees Superannuation Limited (ABN 50 055 641 757 AFSL 229757)

More information

Understanding the insurance changes to your Asgard Employee Super Account

Understanding the insurance changes to your Asgard Employee Super Account Understanding the insurance changes to your Asgard Employee Super Account Effective 1 May 2015 In conjunction with AIA Australia Limited (AIA), we are making changes to the insurance premium rates and

More information

Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement

Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement Reliance Super (a membership category of Maritime Super) Maritime Super Division Insurance Supplement 1 July 2015 About this Supplement The information in this Supplement forms part of the Reliance Super

More information

Insurance Guide. Super. 1 October 2015

Insurance Guide. Super. 1 October 2015 Super Insurance Guide 1 October 2015 The information in this document forms part of the Product Disclosure Statement (PDS) for the Mine Wealth and Wellbeing Superannuation Fund. You should read the PDS

More information

Asgard Personal Protection Package

Asgard Personal Protection Package Asgard Personal Protection Package Supplementary Product Disclosure Statement (SPDS) This SPDS, dated 1 July 2014, replaces the SPDS dated 1 July 2013 and supplements information contained in the Product

More information

Total Care Plan. Policy Document

Total Care Plan. Policy Document Total Care Plan Policy Document This document is an agreement between you and The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 AFSL 235035 (CMLA). This document is issued by The Colonial

More information

Life and Total and Permanent Disability Superannuation Insurance

Life and Total and Permanent Disability Superannuation Insurance AMP Elevate Life and Total and Permanent Disability Superannuation Insurance Contents A Important information 2 A.1 Keep this document safe 2 A.2 This plan is not a savings plan 2 A.3 Cooling-off period

More information

Insurance and your PSSap super

Insurance and your PSSap super Insurance and your PSSap super Issued 22 June 2012 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation accumulation plan (PSSap), fourth

More information

Welcome to the AYSF Group Insurance Plans.

Welcome to the AYSF Group Insurance Plans. An introduction to Group Insurance Plans - Members Booklet Welcome to the AYSF Group Insurance Plans. Important note: This document is provided by AYSF and has been prepared with the assistance of Certainty

More information

Zurich Life Risk Zurich Protection Plus

Zurich Life Risk Zurich Protection Plus Product Summary Issued 1 March 2015 Zurich Life Risk Zurich Protection Plus Adviser use only Zurich Protection Plus is a flexible package which allows you to choose any combination of Death cover, TPD

More information

INSURANCE GUIDE. The Tidswell Master Superannuation Plan. Contact details. Issued on 2 July 2014. Tidswell Financial Services Ltd

INSURANCE GUIDE. The Tidswell Master Superannuation Plan. Contact details. Issued on 2 July 2014. Tidswell Financial Services Ltd The Tidswell Master Superannuation Plan INSURANCE GUIDE Issued on 2 July 2014 Contact details 50 Hindmarsh Square ADELAIDE SA 5000 Phone: (08) 8223 1676 Fax: (08) 8232 1675 Email: mail@tidswell.com.au

More information

Member guide. Superannuation and Personal Super Plan. The information in this document forms part of the Hostplus Product Disclosure Statement issued

Member guide. Superannuation and Personal Super Plan. The information in this document forms part of the Hostplus Product Disclosure Statement issued Member guide. Superannuation and Personal Super Plan Product Disclosure Statement The information in this document forms part of the Hostplus Product Disclosure Statement issued Section 8. Insurance in

More information

Priority Protection. Product Disclosure Statement Version 13, Date Prepared 1 March 2014. Life s better with the right partner

Priority Protection. Product Disclosure Statement Version 13, Date Prepared 1 March 2014. Life s better with the right partner Priority Product Disclosure Statement Version 1, Date Prepared 1 March 2014 Life s better with the right partner Important Notes This Product Disclosure Statement ( PDS ) describes the main features of

More information

Product Disclosure Statement. Life Insurance. Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses

Product Disclosure Statement. Life Insurance. Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses Product Disclosure Statement Life Insurance Issue no. 1 Term Life Recovery Stand Alone Recovery Income Protector Income Advantage Business Expenses Issued 1 March 2004 Contents 1 About Asteron 2 About

More information

Macquarie Life. Macquarie Life Smart insurance solutions made simple

Macquarie Life. Macquarie Life Smart insurance solutions made simple Macquarie Life Macquarie Life Smart insurance solutions made simple Product Disclosure Statement issued by Macquarie Life Limited ABN 56 003 963 773 AFSL 237 497 Dated 9 November 2007 Contents 01 The importance

More information

IOOF Employer Super insurance guide (IOF.03)

IOOF Employer Super insurance guide (IOF.03) IOOF Employer Super Issued: 1 July 2015 IOOF Employer Super insurance guide (IOF.03) Employer Division Personal Division If you want to purchase insurance cover (or vary your existing cover) through your

More information