Important changes to your insurance

Size: px
Start display at page:

Download "Important changes to your insurance"

Transcription

1 <Date month year> <Name> <Street address 1> <Street address 2> <City State Postcode> Member number: <member number> Important changes to your insurance Dear <First Name> One of the benefits of your AUSCOAL Super account is the Income Protection (IP) cover you currently hold. To make sure your cover stays competitive, we regularly work with the insurer to bring you the best possible balance of benefits and premiums. We introduced this insurance in March 2013 and have recently finished a review of the arrangements. As a result, we ll be making some changes to your insurance cover from 1 March This letter gives you the facts you need to know about the changes and how they ll affect you. What s IP insurance? IP insurance pays you a regular income if you re unable to work your normal hours due to a serious injury or illness. One of the benefits of your super account is you receive an amount of IP insurance cover without having to provide medical evidence 1. Holding insurance through your super means you ve got one less expense to worry about and you benefit from the tax advantages of super. Our group buying power gives you access to competitive premium discounts to help you insure your future easily and affordably. What s changing? Some of the features and benefits of your insurance are improving which has also resulted in your premiums increasing. All changes start from 1 March 2015 unless stated otherwise. We ve an IP Insurance Schedule on page 2 confirming your current IP arrangements, based on the information we have on file. Please check these details and consider if the arrangements are right for you. 1 This is known as your Automatic Cover. By having Automatic Cover in your super, you receive a certain amount of insurance without having to complete the underwriting process normally involved in applying for insurance. In some instances we may require medical evidence, although this is not required in the majority of cases This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 1 of 7

2 Your income protection insurance Field 1 Field 2 Member number Field 3 Your insurance details as at 7 January Personal insurance details Details Smoking status Field 4 Job classification Field 5 It s important to tell us your job classification, as we use this information to work out the cost of your insurance. To update your job classification complete a Change my insurance form available at Income protection insurance Details Start date of insurance Field 6 Benefit amount Waiting period Benefit payment period Your salary Field 7 per month Field 8 days Field 9 years Field 10 per year Monthly cost Current New 2 Difference $Field 11 $Field 12 $Field 12 minus Field 11 2 New costs start from 1 March Cost estimate is current as at 7 January Things that can change this amount include having a birthday, your salary changing, changing occupations, or changing the waiting or benefit period of your policy This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 2 of 7

3 1. Improved salary cover There has been some confusion regarding the definitions of salary, so we ve clarified and improved these. The new definition is far simpler and more generous, which means you could receive a larger benefit payment. The previous salary you were covered for was: Previous type Coal miners Previous salary description If you re paid an annual salary Your annual salary, including monthly incentives and bonuses, but not overtime, penalty rates and shift-loadings. If you re a full time employee paid a base rate of pay The greater of your base rate of pay including monthly incentives and bonuses or 75% of your base rate of pay, monthly incentives and bonuses, overtime, penalty rates and allowances (other than reimbursement of expenses). If you re a casual employee Your base rate of pay plus monthly incentives and bonuses. Base rates of pay are calculated before salary sacrifice amounts are deducted. This will be the same salary your employer reports to the Coal Mining Industry (Long Service Leave Funding) Corporation. Non miners The salary we ll use to calculate your income protection insurance will be your Ordinary Time Earnings (OTE). This is the salary your employer uses to calculate the 9.5% of your pay they are required to contribute to your super. Your OTE will generally be your wages earned, along with things like shift-loadings, commissions and some bonuses and allowances. It doesn t include overtime payments outside your ordinary hours. Your salary doesn t include the super contributions your employer pays for you. The new salary you re covered for is: New type Employed Self employed New salary description Your earnings before tax, or gross salary, from your employer(s) we have on file. This is your average salary earned in the 12 months before you became disabled, including actual bonuses and overtime earned. Your earnings before tax, or gross income, from your own efforts (personal exertion) minus relevant business expenses for the 12 months before you became disabled. For more information and salary examples visit This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 3 of 7

4 2. Super payment increase In recent years, the compulsory super contributions your employer pays for you have increased. We have increased the super amount of your benefit payment also, to keep pace with this increase. This means you ll receive a larger total benefit claim payment and grow your super balance faster. Type Current amount New amount Difference Super contribution 9.0% 9.5% +0.5% 3. IP insurance cost increase Due to the range of improvements introduced in this review, IP cover costs are increasing. In addition, recently insurance companies have significantly increased the cost of insurance, or premiums, through super. This is due to industry wide increases in claims and rising costs for insurers. In fact, research shows that several major super funds have increased their insurance premiums by over 60%, with one increasing by over 140% 3. The increase for IP insurance through AUSCOAL Super is approximately 22%. At AUSCOAL Super, we are always disappointed to increase costs. We are pleased to have been able to keep the increase far lower than some others and will continue to provide you with the best balance of benefits and costs possible. How does this affect you? For the new insurance rates, specific to your account, please see the Insurance Schedule on page 2. To access a table showing the rates for all ages and genders, please visit Are premiums competitive? Yes. SuperRatings rated AUSCOAL Super as offering compelling value and competitive rates 4. We believe the premiums remain competitive, particularly for miners and associated roles who often struggle to secure enough affordable insurance. As a profit to members fund, we do not receive any benefits like commission from insurance premiums. Our group buying power gives us access to discounts which we pass on directly to you as competitive premiums. This helps you insure your future easily and affordably. All premiums are passed on directly to the insurer. Does this change affect any other insurance? No. This premium increase relates to IP cover only and doesn t affect any Death or Total and Permanent Disability (TPD) cover you hold through AUSCOAL Super. 3 The Group Insurance Market, Rice Warner, 3 December SuperRatings Benchmark Report 2013, page This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 4 of 7

5 4. Cover improvements and existing conditions If you improve your cover 5, you won t be covered for existing conditions 6 on the improved or increased part of your insurance. This change means the system is now clearer and fairer for everyone. Previously, a person could be covered for existing injuries when they improved their insurance. With this change, the system is now fairer for everyone by preventing people from unfairly claiming a benefit they haven t paid for. If you were covered for an existing condition and improved your cover then your cover would remain the same for that particular condition. This rule doesn t apply to salary increases when they are: Made as part of a promotion or pay rise by your employer Normal variations, like overtime payments Any salary decreases won t affect your ability to claim for existing conditions. For more information and examples visit 5. Clarification of existing Policy Extension Option Your IP cover currently includes an option to extend the waiting period up to two years if you hold another IP policy with another insurer. This option means that you might be able to delay the start of your AUSCOAL Super IP benefit until your benefit payments stop on your other IP. Did you know the law says you can only use one IP policy at a time? If you have two IP policies and use this option, you re able to get some benefit where you would otherwise lose out. We ve now clarified that you need to apply for this option within: - 90 days of receiving your welcome letter; or - your existing 60 day waiting period, which begins when you become disabled. 5 Improving your cover means increasing your salary or benefit period, or reducing your waiting period, more than 60 days after your welcome letter. 6 Existing conditions means existing injuries and pre existing sicknesses as defined in the policy document This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 5 of 7

6 6. Matching waiting period to sick leave Some employers are able to contractually require all sick leave to be used before going on unpaid leave 7. If your employer can do this, and your sick leave is longer than your waiting period, you can now extend your waiting period until your sick leave ends. Previously any sick leave taken had the potential of reducing your insurance payment amount, benefit period or both. This means you can now have comfort that sick leave you have to take won t negatively affect your IP benefit payments. Please consider that: This option is only available for members with a: o 60 day waiting period; and o Two year benefit period Waiting periods can be extended up to two years Extension requests must be received by us during your existing waiting period 7. Mining job classification now includes more high risk jobs Applies to Death, TPD and IP cover This change makes sure that premiums are right for certain high risk jobs. If we didn t do this, people in lower risk jobs would pay more because of higher risk ones being grouped in with them. We re currently working with our insurer to agree which high risk jobs will be placed under the Mining occupational classification. Once this is done, we ll let you know more about the change. 8. Classification clarification for professional and white collar workers Applies to Death, TPD and IP cover We have clarified that professional and white collar workers, who are underground more than 5% of their work time, have a Mining job classification. Previously there has been some confusion about which job classification these people should have. If you have previously changed your job classification to professional or white collar but you work more than 5% of your time underground you should contact us and let us know. You will need to change your job classification as if you don t you could have issues at claim time. Professional and white collar workers who spend less than 5% of their work time underground are not affected by this change. This clarifies previous confusion for some professional and white collar workers. 7 Means under a written contract like an employment contract This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 6 of 7

7 Your questions answered Conditions before 1 March 2015 If you take out insurance and become disabled before these changes take effect, the current conditions will apply. This will be the case even if you lodge a claim after 1 March If you find yourself in this position, please contact us for help. What do you need to do? You do not need to do anything for these changes to happen. We ve included an IP Insurance Schedule on page 2 confirming your current IP arrangements, based on the information we have on file. Please check these details and consider if the arrangements are right for you. If you need to make changes, please complete a Change my insurance form available at For professional and white collar workers only If you have previously changed your job classification to professional or white collar but you work more than 5% of your time underground please complete a Change my insurance form available at This will make sure you re charged the correct premiums and reduce the risk of your claim being rejected or benefit being reduced at claim time. Want more information? You can get more information at This includes a table showing the premium rates for all ages and genders plus examples and case studies. Any change to your super arrangements, like these insurance changes, can have an effect on your super entitlements. An AUSCOAL Advice 8 financial adviser can help you understand the changes and decide if the new insurance arrangements suit you. If you have questions or concerns, please give us a call. We d be happy to talk you through the changes in more detail. Simply give us a call on 1300 AUSCOAL ( ), Monday to Friday, 8am to 6pm (AEST or AEDST when in operation) or Yours sincerely Bruce Watson CEO, AUSCOAL Super 8 AUSCOAL Advice is a trading name of AUSCOAL Services Pty Ltd ABN , a Corporate Authorised Representative of Adviser Network Pty Ltd ABN AFSL This is a Significant Event Notice for the purposes of S.1017B of the Corporations Act CAN Page 7 of 7

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

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

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

What is insurance?... 3. What types of insurance are there?... 4. Life insurance... 5. Total and Permanent Disability insurance...

What is insurance?... 3. What types of insurance are there?... 4. Life insurance... 5. Total and Permanent Disability insurance... Contents What is insurance?... 3 What types of insurance are there?... 4 Life insurance... 5 Total and Permanent Disability insurance... 6 Trauma insurance... 7 Income Protection insurance... 8 Insurance

More information

Understanding Superannuation

Understanding Superannuation Understanding Superannuation Client Fact Sheet July 2012 Superannuation is an investment vehicle designed to assist Australians save for retirement. The Federal Government encourages saving through superannuation

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement MYSUPER AUTHORISATION NUMBER 72229227691044 1 July 2014 NESS Super, the industry fund to power your financial future inside 1 About NESS Super 2 2 How super works 2 3 Benefits

More information

Important insurance changes are on the way

Important insurance changes are on the way LGsuper Level 20, 333 Ann Street Brisbane Qld 4000 GPO Box 264 Brisbane Qld 4001 Toll free 1800 444 396 Facsimile 07 3244 4344 info@lgsuper.org www.lgsuper.org The Queensland Local Government Superannuation

More information

Personal super insurance changes Adviser Q&A

Personal super insurance changes Adviser Q&A Personal super insurance changes Adviser Q&A What is happening? During 2010/2011, IOOF negotiated new insurance terms and conditions with the Insurer of the IOOF Portfolio Service Superannuation Fund,

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

Information for employers

Information for employers ₁ Issued July ₂₀₁₅ Information for employers AMP Flexible Super Guide Registered trademark of AMP Limited ABN 49 079 54 519. This guide provides information specifically for employers about AMP Flexible

More information

HOSTPLUS Superannuation Fund and HOSTPLUS Personal Super Plan Member Guide. Everything you need to get the most from your super.

HOSTPLUS Superannuation Fund and HOSTPLUS Personal Super Plan Member Guide. Everything you need to get the most from your super. Everything you need to get the most from your super Product Disclosure Statement 31 October 2011 Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL No. 244392 as trustee for the HOSTPLUS Superannuation

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

Key features of the Income Protection Plan Helping you decide

Key features of the Income Protection Plan Helping you decide Key features of the Income Protection Plan Helping you decide This is an important document which gives you a summary of the Income Protection Plan. Please read this with your illustration, if you have

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 through your super

Insurance through your super Insurance through your super Review my cover Save on insurance through Super $ TPD insurance income protection Death We insure many aspects of our lives: house, car, health, life, even pets. Of all of

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

Insurance in Prime Super

Insurance in Prime Super Insurance in Prime Super September 2015 This fact sheet outlines why insurance is important and the benefits of having insurance through your super account. Why is insurance so important? Insurance is

More information

Transferring your insurance cover into Bendigo and Adelaide Bank Staff Super

Transferring your insurance cover into Bendigo and Adelaide Bank Staff Super Staff Superannuation Plan a sub-plan of IOOF Employer Super 1 January 2014 Transferring your insurance cover into Bendigo and Adelaide Bank Staff Super If you hold insurance cover in another superannuation

More information

Super Saver Induction Booklet

Super Saver Induction Booklet VISION SUPER YOUR INDUSTRY SUPER FUND Super Saver Induction Booklet December 2013 99 Low fees and great value for money 99 Automatic Income Protection and Death & Disability cover 99 No commissions or

More information

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. MP 9926 ENDORSEMENT 4 To be attached to and

More information

Key features of the Income Protection Plan

Key features of the Income Protection Plan Key features of the Income Protection Plan Helping you decide This is an important document which gives you a summary of the Income Protection Plan. Please read this with your illustration, if you have

More information

Employer Obligations

Employer Obligations Employer Obligations Superannuation The information contained in this booklet is a brief summary of superannuation and the issues that arise regarding it from an employer s perspective. For more detailed

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

Your insurance options with Prime Super (Prime division)

Your insurance options with Prime Super (Prime division) FACT SHEET Your insurance options with Prime Super (Prime division) Now incorporating 1 May 2014 If something were to unexpectedly go wrong, life insurance is a vital safety net to protect your loved ones.

More information

Insurance Transfer Form Russell SuperSolution Master Trust Private Division

Insurance Transfer Form Russell SuperSolution Master Trust Private Division Insurance Transfer Form Russell SuperSolution Master Trust Private Division If you hold insurance cover in another superannuation fund or directly with another life insurer, you can apply to transfer your

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

Super Product Disclosure Statement (PDS)

Super Product Disclosure Statement (PDS) Super Product Disclosure Statement (PDS) 1 July 2015 Contents 1. About us... 2 2. How super works... 3 3. Benefits of investing with Mine Wealth + Wellbeing Super... 4 4. Risks of super... 5 5. How we

More information

COVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT

COVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT COVER THOSE YOU LOVE A GUIDE TO LIFE INSURANCE SUNCORP LIFE PROTECT THE EASY WAY TO PROTECT YOUR FAMILY You ve made the smart decision to learn about life insurance. Now we can make it easy for you to

More information

Suncorp Employee Superannuation Plan

Suncorp Employee Superannuation Plan Suncorp Employee Superannuation Plan Insurance premium rates guide Issued 29 October 2011 Contents Insurance 3 Why is insurance important? 3 Why have insurance through super? 3 About this guide 3 Understanding

More information

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid.

Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. Includes Tips & Tricks that could save you substantial $$$ and help make sure your claims get paid. WHAT IS INSURANCE? It s simply the transference of a risk from yourself to the Insurer. By paying the

More information

Contents 01 Protect yourself and

Contents 01 Protect yourself and Insurance handbook for Cbus Industry Super Auth. No. 75 493 363 262 473 8 September 2014 The information in this document forms part of the Product Disclosure Statement for Cbus Industry Super of 8 September

More information

MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A

MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A MyLife MyInsurance Application to Increase Income Protection Cover due to Salary Increase Part A If you have Income Protection cover you may be eligible to increase your cover to ensure it keeps up with

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

A simple guide to Life Insurance

A simple guide to Life Insurance A simple guide to Life Insurance Your guide to Life, Income Protection, Trauma, and Total & Permanent Disability Insurance. Lifebroker Pty Ltd ABN 92 083 177 011 Introduction Why do I need personal insurance?...

More information

Current Contractors FAQs

Current Contractors FAQs Current Contractors FAQs PageGroup takes pride in ensuring that your contracting experience is as smooth and hassle free as possible. Therefore, this document has been created to assist you with your frequently

More information

MLC Insurance. How to make your insurance more affordable

MLC Insurance. How to make your insurance more affordable MLC Insurance How to make your insurance more affordable Insurance could be more affordable than you think Research has shown Australians are worryingly underinsured. 1 One reason is many people under-estimate

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

Transferring your insurance cover into JR Super

Transferring your insurance cover into JR Super The JR Superannuation Fund is a division of IOOF Employer Super. IOOF Employer Super is one of many products and services offered by the IOOF group. Transferring your insurance cover into JR Super If you

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

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

Superannuation. your obligation as an employer

Superannuation. your obligation as an employer Superannuation your obligation as an employer By Chris Campbell September 2014 Overview Superannuation is a significant cost of employing staff. This expense should be factored into your business plan

More information

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3.

BT Lifetime. Personal Super. Contents. 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Contents BT Lifetime Personal Super Product Disclosure Statement (PDS) Dated 1 July 2014 1. About BT Lifetime Personal Super 2 2. How super works 2 3. Benefits of investing with BT Lifetime Personal Super

More information

Transferring your insurance cover into the Medical & Associated Professions Superannuation Fund

Transferring your insurance cover into the Medical & Associated Professions Superannuation Fund AMA Financial Services Medical & Associated Professions Transferring your insurance cover into the Medical & Associated Professions If you hold insurance cover in another superannuation fund or directly

More information

The value of life insurance

The value of life insurance The value of life insurance Important information CommInsure Protection is an insurance product which is offered through the Colonial Super Retirement Fund ABN 40 328 908 469 (the Fund). Colonial Mutual

More information

Income protection solutions

Income protection solutions For UK financial advisers only Income protection solutions Tailored to your client and their budget What is income protection? Income Protection can be an everyday essential that works when your client

More information

Insurance request VicSuper FutureSaver

Insurance request VicSuper FutureSaver GPO Box 89 Melbourne Vic 3001 VicSuper Member Centre 1300 366 216 vicsuper.com.au Insurance request VicSuper FutureSaver * Indicates that providing this information is mandatory. Not doing so may delay

More information

The value of life insurance

The value of life insurance The value of life insurance Most of us think it won t happen to me And if you are very lucky, it might not. But, chances are, many of us will have our lives interrupted by an accident, illness or death.

More information

Dear All, IMPORTANT CHANGES TO INCOME PROTECTION INSURANCE

Dear All, IMPORTANT CHANGES TO INCOME PROTECTION INSURANCE WesTrac Memorandum From: Jarvas Croome; Greg Graham To: WesTrac All Date: 27 November 2015 Cc: Brian Pereira Dear All, IMPORTANT CHANGES TO INCOME PROTECTION INSURANCE Recently we engaged in a period of

More information

What is Income Protection?

What is Income Protection? What is Income Protection? Income Protection (also known as Permanent Health Insurance or PHI) provides you with a replacement income in the event that you are unable to work due to any accident, illness

More information

Simplifying Statements of Advice. Life Risk example SOA. 9 December 2008

Simplifying Statements of Advice. Life Risk example SOA. 9 December 2008 Simplifying Statements of Advice Life Risk example SOA 9 December 2008 Life Risk Statement of Advice for Frank and Nancy Stoop, Development of the Life Risk example SOA Financial planners, politicians,

More information

MLC Insurance. Making your insurance even better. MLC Life Cover Super and MLC Personal Protection Portfolio

MLC Insurance. Making your insurance even better. MLC Life Cover Super and MLC Personal Protection Portfolio MLC Insurance Making your insurance even better MLC Life Cover Super and MLC Personal Protection Portfolio Effective from: 12 November 2010 We ve made a number of improvements including: keeping your insurance

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

Super for creative people. INSURANCE GUIDE. Issued 1 July 2014 MY SUPER AUTHORISED PRINT. MEDIA. ENTERTAINMENT. ARTS.

Super for creative people. INSURANCE GUIDE. Issued 1 July 2014 MY SUPER AUTHORISED PRINT. MEDIA. ENTERTAINMENT. ARTS. Super for creative people. INSURANCE GUIDE Issued 1 July 2014 PRINT. MEDIA. ENTERTAINMENT. ARTS. MY SUPER AUTHORISED CONTENTS 1. Protection when you need it most 3 Three types of cover available 3 Which

More information

GROUP INCOME PROTECTION.

GROUP INCOME PROTECTION. GROUP PROTECTION GROUP INCOME PROTECTION. Helping you understand our policy. This is an important document which we suggest you keep in a safe place. GIP 11.2013 TECHNICAL GUIDE 2. USING THIS DOCUMENT

More information

SignatureSuper Insurance Guide Fact Sheet Association and SignatureSuper Personal Plans AMP Life Limited

SignatureSuper Insurance Guide Fact Sheet Association and SignatureSuper Personal Plans AMP Life Limited SignatureSuper Insurance Guide Fact Sheet Association and SignatureSuper Personal Plans AMP Life Limited Issued 30 June 2014 AMP Corporate Super The information in this Fact Sheet forms part of the SignatureSuper

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

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

FirstChoice Employer Super Transfer of Insurance Cover Form

FirstChoice Employer Super Transfer of Insurance Cover Form FirstChoice Employer Super Transfer of Insurance Cover Form B3BQFM 18 May 2015 This form is to be completed for applications to transfer insurance from an external superannuation fund and transfers from

More information

Protect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances

Protect your family. ClearView LifeSolutions. Life Cover, Trauma Cover and other tailored insurances Protect your family ClearView LifeSolutions Life Cover, Trauma Cover and other tailored insurances Insurances to meet your needs Defence Health has partnered with ClearView to provide an extensive range

More information

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company Sydney Level 4, 33 York Street Sydney NSW 2000 GPO Box 4213, Sydney, NSW, 2001 T: +61 2 9251 8700 F: +61 2 9252 4385 ABN: 26 053 335 952 AFS Licence : 238621 Email: claims@acchealth.com.au www.acchealth.com.au

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

Telstra Super Personal Plus

Telstra Super Personal Plus 01/ 17 NOVEMBER 2015 PRODUCT DISCLOSURE STATEMENT Telstra Super Personal Plus Making the most of your future Contents 01 About Telstra Super and Telstra Super Personal Plus 02 02 How super works 02 03

More information

Why would you want to consider insurance? We pay claims

Why would you want to consider insurance? We pay claims SMSF Plan CommInsure s SMSF Plan is a customised, easy to use product designed to offer SIS-aligned cover to SMSF trustees. This has the potential to reduce the compliance burden on trustees when selecting

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

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

Let TAL SuperPay do the heavy lifting. Lifetime protection. 15% TAL Super Tax Rebate SUPERANNUATION

Let TAL SuperPay do the heavy lifting. Lifetime protection. 15% TAL Super Tax Rebate SUPERANNUATION ADVISER INFORMATION ACCELERATION PROTECTION Increase Cover Accelerated Protection Automated Rollover 15% TAL Super Tax Rebate SUPERANNUATION Lifetime protection Let TAL SuperPay do the heavy lifting. With

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

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

Retail insurance through the Annex IOOF Pursuit platform

Retail insurance through the Annex IOOF Pursuit platform your investment & insurance needs Financial adviser use only November 2013 Retail insurance through the Annex IOOF Pursuit platform In or out, it s up to you Life insurance is about protecting the things

More information

Income protection solutions

Income protection solutions For financial adviser use only Income protection solutions Tailored to your client and their budget What is income protection? Income Protection can be an everyday essential that works when your client

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

Disability Insurance 101

Disability Insurance 101 Disability Insurance 101 Protect Your Most Valuable Asset Brought to you by What is This Guide? The Council for Disability Awareness is a nonprofit organization dedicated to educating Americans about the

More information

Superannuation And Insurance For. People With Blood Cancer (SOUTH AUSTRALIAN EDITION)

Superannuation And Insurance For. People With Blood Cancer (SOUTH AUSTRALIAN EDITION) Superannuation And Insurance For People With Blood Cancer (SOUTH AUSTRALIAN EDITION) Prepared by John Berrill John Berrill Maurice Blackburn Lawyers Level 10, 456 Lonsdale Street, Melbourne Phone: 1800

More information

Macquarie Superannuation Plan Group Income Protection Contract

Macquarie Superannuation Plan Group Income Protection Contract Macquarie Superannuation Plan Group Income Protection Contract This Contract applies to the following products: Macquarie Superannuation Insurance Macquarie Super Manager Life Insurance SuperOptions Insurance

More information

Defined Benefit Account Guide. Including the Deferred Retirement Benefit Issued 7 September 2015

Defined Benefit Account Guide. Including the Deferred Retirement Benefit Issued 7 September 2015 Defined Benefit Account Guide Including the Deferred Retirement Benefit Issued 7 September 2015 2 Defined Benefit Account Guide Who s this guide for? Read this guide if you have a Defined Benefit account

More information

Australia s $3.1 trillion underinsurance crisis

Australia s $3.1 trillion underinsurance crisis Australia s $3.1 trillion underinsurance crisis February 2012 CommInsure Life Insurance Survey Source: CommInsure Life Insurance Survey 2011 The underinsurance issue Australians are currently underinsured

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

To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET

To find out more visit www.supersa.sa.gov.au IN THIS FACT SHEET > 1 Income Protection insurance provides a fortnightly income of up to 75% of your salary while you are off work due to temporary or permanent incapacity for a maximum period of 24 months or to age 60,

More information

Nestlé Australia Group Superannuation Fund

Nestlé Australia Group Superannuation Fund Nestlé Australia Group Superannuation Fund Information about your super Greg Hughes - Russell Investments What we are going to talk about today.. How to find out more about your super In particular: Your

More information

Superannuation And Insurance For. People With Huntington s Disease (WESTERN AUSTRALIAN EDITION)

Superannuation And Insurance For. People With Huntington s Disease (WESTERN AUSTRALIAN EDITION) Superannuation And Insurance For People With Huntington s Disease (WESTERN AUSTRALIAN EDITION) Prepared by Phil Gleeson Phil Gleeson Maurice Blackburn Lawyers Unit 1, 328 Carrington Street, Hamilton Hill

More information

Contents 1 Protect yourself and

Contents 1 Protect yourself and Insurance handbook for Cbus Industry Super Auth. No. 75 493 363 262 473 1 November 2015 The information in this document forms part of the Product Disclosure Statement for Cbus Industry Super of 1 November

More information

Income Protection. Karen Gallagher Business Development Manager

Income Protection. Karen Gallagher Business Development Manager Karen Gallagher Business Development Manager THE NEED FOR INCOME PROTECTION Worker s confusion over sick pay 30% of workers believe their employer will provide sick pay indefinitely Over- optimism re:

More information

Income Protection. The Income Protection Market - Opportunity? Karen Gallagher Business Development Manager

Income Protection. The Income Protection Market - Opportunity? Karen Gallagher Business Development Manager Karen Gallagher Business Development Manager The Market - Opportunity? Only 12% to 15% of the working population have cover Majority of people in Ireland are still in employment Current consumer sentiment

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

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015

Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 Plum Superannuation Fund Plum Superannuation Fund Plum Personal Plan Preparation date: 18 December 2015 This update to the Plum Superannuation Fund Product Disclosure Statement is provided as a result

More information

So what are these various insurances and when might you need them? A brief summary of the main types of cover is as follows.

So what are these various insurances and when might you need them? A brief summary of the main types of cover is as follows. Report No. 6 September 2013 IN THIS REPORT: We research & rate the suite of life insurance products to determine who offers the best value from the 13 companies specializing in this market. IT CAN HAPPEN

More information

Personal. Personal insurance. Protection for all life stages. Financial solutions. For life.

Personal. Personal insurance. Protection for all life stages. Financial solutions. For life. Personal Personal insurance Protection for all life stages Financial solutions. For life. Contents Protecting your well-being and your family s 3 Why leave anything to chance? 4 Making it easier for you

More information

Terry White Chemists Superannuation a sub plan of FirstChoice Employer Super

Terry White Chemists Superannuation a sub plan of FirstChoice Employer Super July 2013 Page 1 Contents Category 1 - Permanent and Part Time staff working more than 15 hours per week Benefits in Brief...1 Getting Started...1 Your Investment Choices...2 Benefits of Insurance Cover...2

More information

Income Protection and Total and Permanent Disability

Income Protection and Total and Permanent Disability Income Protection and Total and Permanent Disability Important information George s story and Leona s story are hypothetical stories and are included for illustrative purposes only. The names and identifying

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 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

Super Funds Comparison Fact Sheet

Super Funds Comparison Fact Sheet Super Funds Comparison Fact Sheet This fact sheet has been prepared for new and prospective members of. However, it is not relevant to: members who have been issued with a Part Two Information former ESI

More information

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company Sydney Level 4, 33 York Street Sydney NSW 2000 GPO Box 4213, Sydney, NSW, 2001 T: +61 2 9251 8700 F: +61 2 9252 4385 ABN: 26 053 335 952 AFS Licence : 238621 Email: claims@acchealth.com.au www.acchealth.com.au

More information

CommInsure Protection

CommInsure Protection CommInsure Protection Combined Product Disclosure Statement (PDS) and Policy Issue date: 11 May 2014 Product Disclosure Statement This Product Disclosure Statement (PDS) is issued by the insurer, The Colonial

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

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company

SECTION ONE: POLICY AND PERSONAL INFORMATION - ALL QUESTIONS REQUIRE COMPLETION. Name of Insured Company Sydney Level 4, 33 York Street Sydney NSW 2000 GPO Box 4213, Sydney, NSW, 2001 T: +61 2 9251 8700 F: +61 2 9252 4385 ABN: 26 053 335 952 AFS Licence : 238621 Email: claims@acchealth.com.au www.acchealth.com.au

More information

A Guide To Life Insurance and Protection

A Guide To Life Insurance and Protection A Guide To Life Insurance and Protection Independent Financial Advisers Independent Mortgage Advisers P N DALES LTD, are an Independent Financial Advisers, experts in protection & life insurance. We help

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

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information

Your Super Guide. Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category. Contents. Important Information Australia Group Superannuation Fund Your Super Guide Product Disclosure Statement 15 December 2014 Nestlé Super Insured Accumulation category Contents 1 About Nestlé Super p2 2 How super works p2 3 Benefits

More information

Credit Card Repayment Protection

Credit Card Repayment Protection Credit Card Repayment Protection Product Disclosure Statement and policy wording Effective 13 July 2015 1 Introducing Credit Card Repayment Protection. What is it? Credit Card Repayment Protection is insurance

More information