My Web Stats


Life Insurance cover through your Super

Most people know that it is important to ensure you have the right protection in place. We insure our home and car, yet 95% of Australians do not have adequate Life Insurance cover.



Could you afford to maintain your lifestyle if you couldn't work?

How would your family or partner cope in the unfortunate event of your death, injury or illness?

Will they be able to afford their day-to-day living expenses and pay off any debt?

What will happen to all of your future plans and goals?


Although insurance cover such as Term Life, Total & Pemanent Disability, and Income Protection is usually quite affordable, many people choose not to obtain cover due to the undesired impact on their cashflow.

You may not be aware that you may be able to obtain this cover through your Super. This can benefit many people as the premiums (insurance cost) are deducted from your Super account rather than coming out of your cash flow.


Things to be aware of regarding Life Insurance through Super:

  • The costs of insurance in Super and the level of insurance cover can vary greatly between different Super funds.

  • Some funds have limited amounts of cover or a lack of features that may make them inadequate for your individual circumstances.

  • Changing Super funds may result in the cover being cancelled, therefore it is very important to consider your options before rolling over your Super.

  • Not all types of insurance are available from Super funds. Funds typically offer members access to Life Insurance cover and Total and Permanent Disability Insurance. Fewer funds offer their members access to Income Protection Insurance and Trauma Insurance can not be purchased through Super.

  • Because the premiums you pay are deducted from your Super contributions, unless you increase the amount you invest, they will reduce the amount you are saving towards your retirement.

  • Super funds may have different rules on how they allocate any insurance claim payouts to your beneficiaries and have different tax obligations on payments.


Click here to learn more about Life Insurance, and Contact us to discuss your options and the appropriateness of this strategy with a PlanSmart Adviser.

Back to top


Other Products & Services

Back to Top

PlanSmart at every stage of life


PlanSmart Pty Ltd (ABN 15 142 298 208) Authorised Representative (No. 345551) of
Synchronised Business Services Pty Ltd T/as Synchron ABN 33 007 207 650
Australian Financial Services License No. 243313

Disclaimer: The information contained within the website is of a general nature only. Whilst every care has been taken to ensure the accuracy of the material, PlanSmart Pty Ltd will not bear responsibility or liability for any action taken by any person, persons or organisation on the purported basis of information contained herein. Without limiting the generality of the foregoing, no person, persons or organisation should invest monies or take action on reliance of the material contained herein but instead should seek advice or satisfy themselves independently of the appropriateness of such action.