Super isn’t just an investment that can help you when you retire – your super can be used to protect the financial wellbeing of you and your family.
You can fund a number of types of insurance cover through your super. This means your future can be protected with the added benefit of maintaining your disposable income. Through IOOF’s range of super products, you can purchase different types of insurance cover to protect you in the event of serious injury or illness, permanent disablement, or provide a lump sum to your beneficiaries in the unfortunate event of your death.
Competitive group rates and features
IOOF platform super products offer competitive premium rates and a broad range of insurance features under our group insurance policies.
The following cover is available:
Insurance type | Description |
Death cover | Death cover provides your family with financial security in the event of your death. If you die, your insured benefit will be paid to your dependants or estate in addition to your super account balance. |
Death and Total & Permanent Disablement (TPD) | TPD cover provides you and your family with financial security in the event you become totally and permanently disabled. If this happens, your insured benefit may be paid to you and/or to your super account. |
Income protection | Income protection cover provides you with a regular monthly income if you become totally disabled because of illness or injury and are unable to work and earn your income. |
In addition to competitive group insurance, IOOF also offers retail insurance through three leading providers.
Your financial adviser can help
Whilst insurance is a great way to benefit from your super balance right now, it’s important to determine the optimal level of cover for you. If you have too little cover, you or your family could suffer financial distress in a time of need. If your cover is too high, it can erode your super balance resulting in a lower retirement benefit.
For financial advice you can depend on speak to the AMA Financial Services team on 1800 262 346 or email advice@amafp.com.au.
A.M.A. Services (WA) Pty Ltd trading as AMA Financial Services 47 008 671 458 is a Corporate Authorised Representative of Consultum Financial Advisers Pty Ltd. ABN 65 006 373 995 l AFSL 230323.
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Information is current at the date of issue and may change. You should obtain a copy of the Product Disclosure Statement available from the product provider or your financial adviser and consider this before you acquire a financial product. This information and certain references, where indicated, are taken from sources believed to be accurate and correct. To the extent permitted by the Law, Consultum, its representatives, officers and employees accept no liability for any person that relies upon the information contained herein. From time to time, we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information, please contact our office to opt out.