Q Super Life Insurance

QSuper Life insurance is an easy and affordable insurance option, find out if it's right for you.


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If you work hard to provide for your family you can also make sure that care continues if you pass away or aren't able to work due to illness or injury. QSuper life cover is an easy and affordable option that can continue to provide for your loved ones if you're not able to. Continue reading to find out how QSuper can help you.

Types of death benefits available with QSuper Life Cover

For many people life insurance is just another financial product to worry about, and this can make it tempting to put off taking out cover, to avoid the hassle. If this sounds like your situation you may want to consider taking out life insurance through your superannuation account, to combine these two products, securing your future for retirement, and your family’s future in case of your death at the same time.

With QSuper Life Cover you can choose from two different account structures to hold your super and life insurance:

  1. Accumulation account: With an accumulation account the death benefit paid to your family will be a lump sum of the amount in your account, plus the value of any insurance you hold with QSuper.
  2. Defined benefit account: With a defined benefit the death benefit paid to your family will be a lump sum of the amount in your account, and if you are under 55 years old when you die, your family will also receive a benefit to compensate for your future membership to the age of 55. If you have any additional insurance with QSuper the death benefit will also include the value of these insurance units.

You are also able to choose to have a pension paid to your dependents if, after receiving a lump sum benefit payment for a total and permanent disability claim, you die as a result of the same condition or a related condition.

Features of QSuper Life Cover Plan

It is reassuring to know that there is a strong, reliable company who will be able to look after your family when you die, and while life insurance through superannuation is structured slightly differently to a standalone policy, QSuper makes sure you have all the important benefits, including:

  • Pre existing conditions: Just note that QSuper will not pay a life insurance benefit if you die within the first two years of holding your policy as the result of a pre existing condition. If you die as the result of a pre existing condition two to seven years after holding your policy, partial benefits will apply.
  • Best practice claims: QSuper is dedicated to offering best practice is all aspects of claims management, to ensure that your claim is processed professionally and promptly, during already difficult time for your family.
  • Beneficiaries: Keep in mind that your life insurance death benefit doesn’t automatically form part of your estate, so your benefit will be paid to a legal representative, executor or any other appropriate person after your death. For example, your beneficiary may be your spouse, your children, or a financial dependent.
  • Clear claims process: QSuper will provide your family members or the claimant with all of the information they need at the time of the claim to make a speedy submission. To begin the process your family will need to provide all the necessary data for the claim, including certified copies of the death certificate and Will. If the death benefit is more than $15,000 a grant of probate or letter of administration may be required.
  • Death benefit taxes: QSuper does not deduct tax from your lump sum death benefit when it is paid to a legal representative, but that legal representative is required to deduct tax from any death benefit amount paid to beneficiaries who are not your dependents. If your death benefit is paid as a superannuation income stream your age and the age of the dependent will determine the tax obligations. If you are a police officer and you die in the line of duty, your lump sum death benefit is completely tax free, regardless of the beneficiary.
  • Financial advice support: QSuper recognises that planning for your future, your death and life insurance claims can be a stressful and confusing time. That is why they offer financial advice on your superannuation and beneficiaries’ entitlements. QSuper financial advice can help you understand your superannuation options, retirement plans, estate planning, wealth creation, salary packaging and life insurance options.

QSuper TPD

With QSuper, you also have the option to take out Total and Permanent Disability insurance along with death cover in your superannuation.

Key features of QSuper TPD include:

  • Up to $3 million worth of cover. A lump sum benefit paid to your super if you are unable to permanently work due to disability.
  • No health checks. Get cover without the hassle of providing medical histories or health checks.
  • Premium paid directly from you super. Your TPD cover premiums are paid directly from your super account, meaning your day to day finances won't be impacted.
  • Flexible cover options.
  • With QSuper TPD you have the option of either unitised cover or fixed cover. Unitised cover means the amount you are insured for is based on multiple 'units' of cover. Each unit is worth a dollar value based on your age. Fixed cover is based on a fixed dollar amount nominated by you and remains the same until you nominate to change it.

QSuper Income Protection

QSuper Income Protection ensures that if you are unable to work due to illness or injury, you won't have to worry about making ends meet.

Features of QSuper income protection include:

  • Up to 87.75% income replacement benefit.
  • A two year benefit period.
  • 90 day waiting period.
  • Option to apply for unitised cover. Each unit equals $500 in benefit payment per month, and the cost per unit changes with your age. You can buy as many units as you need (subject to maximum limits).

Applying for a QSuper Life Cover policy

QSuper membership is currently limited to people who work with the Queensland Government and their spouses. In the event that you change your job, you can still retain your QSuper Life Cover policy that you had while employed by the Queensland Government as it will automatically continue. It is important to note that once you close your QSuper account, it is unlikely that you'll be able to get your membership back.

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