01 MarInsurance cover through your super – what you need to know
Many people consider personal insurance a luxury they can’t afford, but you may already have insurance cover through your super. This cover can help to protect your future financial security, should the unexpected happen leaving you injured and unable to earn an income. The 3 most common types of insurance cover included in super are:
Death cover, Total & Permanent Disablement (TPD) cover, and Income Protection. It’s important to take some time to understand each one, know what you’re covered for and how much your cover costs. The cost of your insurance is called a ‘premium’ and is automatically deducted from your super account not your take home pay.
If you’re an AustralianSuper member, you can review your insurance cover on the AustralianSuper app, or by logging into your online account.
To read the full article please visit australiansuper.com/superannuation-articles