Getting covered

Get a better understanding of life
insurance and how much you may need
for yourself and your family.

Getting covered

Get a better understanding of life insurance and how much you may need for yourself and your family.

Today, we happily take out insurance for our main assets, including the house, car and valuables. However, many people neglect to insure their most important asset – themselves, and their ability to earn an income. 

Yet, if you were sick or injured and needed to take an extended break from work, your family’s lifestyle and financial future could be at risk. Having life insurance provides greater peace of mind, with the knowledge you could still help the most important people in your life if the unexpected happened. 

We offer a range of insurance options1 that you can tailor to help yourself and your family if you die or become unable to take care of your loved ones.
 

It's convenient

Having insurance as part of your super means you may not have to find additional room in the household budget to pay your insurance fees. Instead they can be deducted automatically from your super – provided there’s enough money in your account.

It's simple

Depending on which super product you choose, you may be eligible to receive automatic insurance cover without the need for medical tests. And you can usually adjust your cover if your circumstances change.

It's flexible

You can choose from different types of cover to suit your needs2, including Life cover, Total and Permanent Disablement (TPD) cover and, where available, Income Protection (IP) cover. 

1 Insurance is primarily provided by TAL Life Limited (TAL). Depending upon the arrangements established between the Trustee and your employer, your insurance cover may be provided by another insurer and the information may not apply to you.

2 You cannot have TPD and/or IP cover without Life cover. Minimum cover levels apply. More information regarding insurance cover is available in the relevant Product Disclosure Statement and Product Guide.
 

Keep in mind

Holding insurance through super may not be the best option in certain situations. For example, not every type of insurance cover is available within super, or you may not be able to access enough life insurance within super for your needs. Before making a decision about insurance cover, please consider the product disclosure documents for our Suncorp super products. You may wish to seek professional advice from a financial adviser about what’s right for you.  

How much is enough?

Everyone’s circumstances are different, so the right level of life insurance through super for you could vary depending on factors such as your age, work status, income, number of dependants, financial responsibilities, other existing insurance cover, and spending habits. 


Choosing the right type and level of insurance cover will depend on your individual needs, but you may wish to consider:

  • the cost of the insurance
  • your expenses and ongoing debt (such as mortgage or loans) that you may need to cover if you were unable to work
  • the needs of any dependants
  • the impact on your retirement balance from deducting insurance fees through your super account
  • the types and level of any other life insurance policies.

Speaking to a qualified financial adviser can help you work out the right types, levels and cost of insurance to suit your lifestyle, debts, and the ongoing income requirements of your dependants. You can also use an online calculator such as the ASIC MoneySmart life insurance calculator at www.moneysmart.gov.au to help work out the right amount of cover for you.

How much is enough?

Everyone’s circumstances are different, so the right level of life insurance through super for you could vary depending on factors such as your age, work status, income, number of dependants, financial responsibilities, other existing insurance cover, and spending habits. 

Choosing the right type and level of insurance cover will depend on your individual needs, but you may wish to consider

  • the cost of the insurance
  • your expenses and ongoing debt (such as mortgage or loans) that you may need to cover if you were unable to work
  • the needs of any dependants
  • the impact on your retirement balance from deducting insurance fees through your super account
  • the types and level of any other life insurance policies.

Speaking to a qualified financial adviser can help you work out the right types, levels and cost of insurance to suit your lifestyle, debts, and the ongoing income requirements of your dependants. You can also use an online calculator such as the ASIC MoneySmart life insurance calculator at www.moneysmart.gov.au to help work out the right amount of cover for you.

The value of insurance in real life

Suncorp super member Dan Jenkins didn’t realise he had insurance in his super fund until he was diagnosed with a major illness. 

Find out more



The value of insurance in real life

Suncorp super member Dan Jenkins didn’t realise he had insurance in his super fund until he was diagnosed with a major illness. 

Find out more

Things you should know

Insurance cover offered through Suncorp Super products is provided by insurers who are not part of the LGIAsuper Group.