Death Only insurance can give you peace of mind by knowing that, if you die before age 70 or are diagnosed with a terminal illness, your family or estate will be provided with a lump sum payment.
Your beneficiaries will receive this in addition to the balance of your Energy Super benefit. Use these forms to nominate who your beneficiaries are:
If you’re an Energy Super Income Stream or Market Linked Pension member, you may be eligible for Death Only insurance cover.
You can choose from two types of Death Only insurance:
- unit-based, where you purchase a number of units and the value of each unit decreases each year on your birthday while the cost of your premium remains the same, or
- fixed-dollar cover, where you choose a level of cover and the cost of your premium rises each year on your birthday.
You may have received automatic cover depending on how you joined Energy Super. You can apply for extra cover using the following forms:
- Change of insurance
- Change of Insurance (Corporate & 30, 60, 90 day wait)
- Change of insurance (for Pension members)
Requirements depend on your employment situation so you may need to submit medical evidence to raise your level of cover.
You can learn more about our Death Only insurance in the Energy Super Insurance Guide and the appropriate Energy Super Corporate PDS or Energy Super Income Stream PDS (if applicable to you).
To check your current level of cover look at your Annual Statement, call our contact centre on 1300 436 374 or email us.
As an Energy Super member, you've got access to personalised financial advice about your insurance cover over the phone at no extra cost.