Choosing the right type of cover

Through your super, you may be eligible for three types of cover:

• Death cover, also known as life cover, pays a lump sum to you if you’re terminally ill, or to your dependants, estate or legal representative if you die
• Total and Permanent Disablement (TPD) cover pays a lump sum if you're unlikely to ever work again due to illness or injury
• Salary Continuance Insurance (SCI), also known as Income Protection (IP), can provide a monthly income if you stop work due to illness or injury.

Some super funds automatically provide their eligible members with a default level of death and TPD cover, but usually, you have to choose to have Salary Continuance Insurance.

Find all the insurance cover you have inside or outside your super, with us and elsewhere, so you can identify:

• the type of cover
• the level of cover
• and the amount you’re paying.

You'll find this when you:

• Check the insurance section of your latest super statement.
• Log in to FirstNet or the Colonial First State mobile app.

The mobile app is not yet available for FirstWrap members, but you can log in to FirstWrap.
For employer super members, you can contact your HR team for insurance premiums paid by your employer.

Review your insurance so you can determine whether it still meets your needs. Speaking to your financial adviser can help you in this choice.

The following may impact your insurance cover:

• If you have not received super contributions for 16 consecutive months then we must cancel your cover (unless you have elected to keep cover in these circumstances)
• Not having enough money in your super account to pay your monthly insurance premiums may result in your cover ending.
• For Salary Continuance Insurance cover, a change in your working hours may result in your maximum benefit period being limited to 2 years

Other changes to your circumstances may impact your insurance cover. Please refer to the Product Disclosure Statement.