• Insurance & superannuation

  • Insurance is an effective means of protecting you and your family from the financial consequences of death, disability, major illness or damage to your assets.

    It can be difficult to work out exactly how much insurance you need and to achieve the right balance between cover and price.

    Australian Catholic Superannuation makes it easier.

    We offer you flexible and affordable insurance options that provide a sense of security for you and your family, just in case the unforeseen does occur.

  • Why insure through super?

    Being insured through super is generally a cost-effective and easy option. There are many benefits in obtaining insurance cover through super:

    • It's often cheaper because super funds like ours purchase insurance policies in bulk.
    • There may be tax advantages because premiums are paid from your super account, not your after-tax income.
    • It's easy to manage because premiums are automatically deducted from your account.
    • If you are eligible, we may automatically accept you for cover without requiring a health check.

    However you should also be aware that:

    • The level of cover may be limited
    • If you move to a different super fund or your contributions stop, your cover may cease without notice
    • You may choose to top up with an insurance policy outside super to get as much cover as you want
    • Tax may be payable on some benefits
    • If your nominated beneficiary is not a dependant, consider obtaining financial advice as there may be tax implications.
  • How much insurance cover is enough?

    The key to deciding if you want insurance through your super fund is knowing how much cover you need and whether your super fund will offer the full amount.

    If you are unsure whether you have the right type and amount of insurance cover to suit your circumstances, one of our financial planners can help you with your decision making.

    Most of our members automatically receive a certain level of insurance cover on joining the Fund. If you are not eligible for automatic cover, you can apply to our insurer for the cover you need.

    Like other general insurance policies you may have, you will pay insurance premiums to be covered through the Fund, although these are deducted automatically from your account.

    Find out more about the variety of insurance options we offer.

  • Download