How to get Default Death and TPD cover?
We offer Default Cover, which consists of a set level of Death & TPD cover depending on your age. As you get older the amount of Death & TPD cover provided to you will change, so will the premiums you pay. Premiums are paid from your super account monthly and the amount you pay depends on your age, occupation and sex at birth.
Default Cover is automatically provided when you are age 25 or older (but under 65) and have had an account balance of $6,000. If you want cover before these conditions are met you can opt in to commence cover at any time by completing an Insurance Opt-in Form.
If you don’t want this cover to commence automatically when you reach the eligibility conditions you can complete the Insurance Variation Form or you can call us.
For further details on terms and conditions and how much Default Cover costs, please read our Insurance Guide.
How to get Fixed Death and TPD Cover?
If you would like to fix your Default Cover or nominate a dollar amount of Death & TPD cover you would like to receive without it changing over time*, you can apply for Fixed Cover. Generally, premiums increase as you get older.
If you would like to fix your Default Cover, you can do this by completing the Insurance Variation Form.
If you would like to nominate a dollar amount, you will be subject to medical checks and your cover may be subject to exclusions and loadings. You can apply anytime by completing the paper Insurance Application Form or by logging into the member portal and applying online.
*The level of cover provided under Fixed Cover will remain the same regardless of your age until you reach 61 (subject to maximum insurable age restrictions). From age 61, the level of TPD cover will reduce each year until it reduces to zero at 70.