When it comes to comparing Australian insurers you will often find that a company is the conglomeration of several smaller insurers or financial institutions, or the result of mergers and takeovers amongst key players in the market. While this ruthlessness for business may not be a quality you are looking for in a life insurance company, consider the breadth of experience the resulting company has when these numerous financial facets are combined.
Australian Super announced on 18 September 2017 that it would no longer require Australians under the age of 25 to 'opt out' of life insurance. This means life insurance is not automatically included for those under 25 years of age. Instead, younger policy holders will 'opt-in' if they want cover.
At AustralianSuper, there is a specialist staff employed in house to manage to products and services on offer, in addition to which external service providers from other leading insurers and financial institutions are used to offer and combine their expertise, including:
The unique and winning combination of these industry experts and the specialist board of directors at AustralianSuper, has been recognised with:
AustralianSuper has used its size and position in the market to secure bulk buying power on your behalf for great value life insurance products. With AustralianSuper, your life insurance management is easy too, with your premiums automatically deducted from your super account so you don't have to fit them into your budget, this means your insurance premiums are eligible for a 15% tax deduction, which is passed on to you.
You can apply for life insurance cover with AustralianSuper up to the value of $1.5 million, without the need for a medical test, and you can change your cover amount at any time. For example, you might want to consider the AustralianSuper Death and TPD insurance, which features:
You can also opt for the AustralianSuper income protection insurance policy, which offers:
There are many different ways you can structure and tailor your life insurance policies to suit your family's budget, and to protect the dreams and plans you have for the future. So find out more about just how the AustralianSuper life insurance products can help you protect your family, your way.
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Important note. These FAQs were generated by ChatGPT. A real-life human at Finder – James Martin, editor for insurance – reviewed the responses before publication.
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