The cover is much harder to claim if you’re unemployed, casual or part-time, because of the ‘activities of daily living’ test.
Set out below are all SuperGuide articles that relate to Insurance and super.
3 reasons the TPD insurance in your super might be junk
People working casually, part-time or in ‘hazardous’ jobs may be paying for junk total and permanent disability insurance.
Super funds with the lowest fees for life and TPD insurance
Despite concerns that life insurance premiums inside superannuation are set to rise as a result of new legislation making insurance opt-in for members under 25, inactive accounts and balances below $6,000, there is little sign of this happening.
Super funds with the lowest fees for income protection insurance
Paying too much for Income Protection insurance inside your super fund can cost you dearly, eating into your retirement savings without necessarily improving your cover.
The agony of waiting: Group life insurers are pushing claimants to the brink
Many Australians are still stuck in insurance processing hell.
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TPD insurance through super: A definitive guide
Total and permanent disablement (TPD) insurance pays a lump sum if you become permanently disabled and are unable to work again. It basically insures you against the risk that your ability to accumulate super (retirement income) is cut unexpectedly short.
Income protection insurance through super: A definitive guide
This article addresses how income protection insurance works inside super, its effectiveness, key trends, claims and how you can establish the right cover for you.
Life insurance through super: A definitive guide
In this article we will look at how life insurance inside super works, ideal cover, premiums, claims and taxes, and get the thoughts of an independent financial adviser on how life insurance in super can be effective for estate planning.
Insurance inside super: A definitive guide
In this article we cover the major considerations for having personal insurance coverage inside your super fund. We’ll explore pros and cons, types of coverage, financial decisions, regulatory and industry findings, and suggest potential strategies that may suit you.