LIFE EVENTS COVER

LIFE EVENTS COVER

If you’ve experienced significant change in your life recently and you believe you need increased insurance cover to match, Active Super may be able to help members with a new fast-track application process. 

NOW YOU CAN CHANGE YOUR INSURANCE WHEN YOUR LIFE CHAnGES

For Active Super Saver members

Simply apply via Member Online or the Active Super mobile app. Alternatively, you can complete and return the Application for life event cover form. If we need any further information, we’ll get in touch in writing. But otherwise, you could have increased cover within days of providing your completed form. 

No medical. No complicated underwriting processes. Just more protection, with less red tape.

WHAT SIGNIFICANT LIFE EVENTS COUNT? 

If any of these sound like you and you believe you need increased cover. Simply apply via Member Online or the Active Super mobile app. Alternatively, you can complete and return the Application for life event cover form within 60 days of the life event occurring.

  1.  You take out a new mortgage on your primary residence 
  2.  You adopt a child or become a parent 
  3.  You get married or divorced 
  4.  You start of end a de facto relationship 
  5.  Your spouse or de facto partner dies 
  6.   You have a child who attends primary or secondary school for the first time, or 
  7.  You first become eligible for Carer Allowance payable by Centrelink. 

 A FEW MORE POINTS TO NOTE

  • You’ll need to be under 60 years old at the time of your application
  • You cannot have applied for a life event increase in the previous 12 months 
  • You must provide evidence the life event took place as outlined in Application for life event cover form  
  • You need to submit the Application for life event cover form within 60 days of the event.  

We might ask you to provide further information, but if so, we’ll get in touch in writing. For full details, please refer to the Insurance in your super fact sheet which forms part of your Product Disclosure Statement. 

 COVER LIMITS 

Remember, there are limits on how much you can extend your insurance cover. 

Type of insuranceMaximum additional cover you can apply for

Death and Total and Permanent Disability (TPD) insurance

The lesser of:

  • $200,000 or

  • 100% of existing cover

Salary Continuance insurance

The lesser of:

  • 25% of your existing cover or

  • $2,500 a month

This is capped at the lesser of:

  • $25,000 per month or

  • 85% of earned income (where super contribution benefit is payable) or 75% of earned income.

NOT SURE IF YOU ALREADY HAVE INSURANCE IN YOUR SUPER?

Many Active Super members are automatically provided with insurance when they join.* So check what existing cover you have by logging into Member Online. Or you can get in touch with our friendly Member Care team by email at hello@activesuper.com.au, via the LiveChat window at the bottom of your screen, or call us on 1300 547 873, weekdays between 8.30am and 6.00pm.

*When you join Active Super, you’re automatically provided with default Death and TPD cover when you meet certain eligibility criteria (if you’re over 25 years of age and have at least $6,000 in your super account). This is known as Basic cover.