Death 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 the below nomination 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 be eligible for even lower premiums if your job is performed primarily in an office environment.
How much Death cover do I have?
You may have received cover depending on how you joined Energy Super. You can check your level of cover on the Member Portal or your Annual Statement.
If applying for additional cover you may need to complete a Personal Statement and undergo medical tests in some circumstances.
You can learn more about the terms and conditions for Death insurance in the Energy Super Insurance Guide
As an Energy Super member, you've got access to personalised financial advice about your insurance cover over the phone at no extra cost.