Work with your adviser to protect yourself and your family.
Your adviser will provide you with the insurance options that are right for you. A Member’s benefit is calculated as the accumulated value of the Member’s account, plus any amount paid to the Trustee by the Insurer in respect of insurance benefits. The payment of all benefits is subject to the Trust Deed and, where relevant, the terms and conditions of the insurance policy.
Benefits can only be paid to a Member where permitted under superannuation legislation. Acceptance of a claim by the Insurer does not automatically mean that the amount can be paid to the Member by the Trustee. Insurance benefits cease in certain circumstances including if there are insufficient monies in a Member’s account to meet insurance premiums. See Section 8 of Member Guide for more information about when insurance benefits are payable.