Insurance

Future Super offers opt-in insurance. You can apply for cover for the following types of insurance:

→ Death Only

→ Death & Total Permanent Disablement (TPD), and

→ Income Protection

Death Only and Death & TPD cover helps provide you or your dependents (as applicable) with a lump sum payment in the event that you die, suffer a terminal illness, or you become totally and permanently disabled (where you have Death & TPD cover).

Income Protection cover provides you with a monthly income calculated in accordance with the relevant insurance policy ('Monthly Benefit') in the event that you become Partially Disabled or Totally Disabled and a Sickness or Injury causes you to be unable to work and earn an income.

You may be eligible to transfer Death Only or Death and TPD cover you hold through another superannuation fund or another insurance policy, to the Fund.

For cover to be accepted by the Insurer under individual transfer terms, you must complete the Insurance Transfer Application Form to the Insurer's satisfaction and provide proof of previous cover. Refer to the Insurance Transfer Application Form for eligibility and application requirements.

The maximum amount of Death Only or Death and TPD cover you can transfer to the Fund is $1,000,000.

You cannot transfer TPD Only cover to the Fund. If you hold Standard Cover at the time you apply to transfer cover and the Insurer accepts your application, your Standard Cover will become Fixed Cover from the date the transfer cover application is accepted by the Insurer.

Where the Insurer accepts your application to transfer cover, cover will be provided in the Fund based on the terms, conditions, premiums and occupation ratings provided under the relevant insurance policy. Cover will commence from the later of the date the Insurer accepts your application and the date you cancel the cover held under the other fund or insurance policy.

Download Transfer Form

When you first join Future Super you have 60 days to apply for our Easy Opt-In Standard Cover via your online account.

This option is only available for Death Only and Death & TPD cover and will provide a standard amount of cover based on your age and occupation. The standard amount of cover changes in accordance with your age on your next birthday. The premiums for Standard Cover are based on your age next birthday, sex and occupation.

Please note, Easy Opt-in Insurance will commence only once you have a balance in your account. You can read more about Easy Opt-In Standard Cover on page 5 of the Insurance Guide.

Login below and check your eligibility.

How to get a quote and apply for voluntary insurance.

Voluntary Cover is available to you if you meet the eligibility requirements below for cover and you:

• Wish to increase the amount you are insured for under Standard Cover; or

• Are not eligible for Standard Cover but wish to apply for Death Only or Death and TPD cover; or

• Wish to apply for Income Protection cover.

Please click below to get a quote for insurance.

Download Application Form

Death Only cover or Death and TPD cover is available to eligible members of the Fund who are:

• Aged 15 to 54 (inclusive) for Death and TPD cover; or

• Aged 15 to 64 (inclusive) for Death Only cover; and

• Australian citizens or Australian permanent residents

Death Only cover is available to the following members:

• Permanent Employees

• Casual Employees

• Contractors

• Members who are not Gainfully Employed

Death and TPD cover is available to the following members:

• Permanent Employees working at least 20 hours per week

• Contractors working at least 20 hours per week