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Super Income Protection Insurance Through Superannuation

Unfortunately for us mortals, we don’t possess the superhuman healing abilities of Deadpool, the Incredible Hulk or one of the many other superheroes who can boast accelerated healing. While characters like Deadpool may not need protection of his income as a result of such a blessed gift, if he were to require it he’d most definitely go for insurance through his superannuation. Going both inside or outside your super, the power lies in your hands.

Your two policies in insurance for Income Protection with your Superannuation Link

  1. Income Protection ‘Super’: This is basic form that meets the SIS requirements for Income Protection within superannuation
  2. Income Protection ‘Premier’: This is the top level offered by TAL. It is an award winning policy with more liberal definitions and features than the Super option. It is only available outside superannuation.

Selecting the Superlink option means that two policies are issued. A Super policy will be issued to the super fund’s trustee, while an additional non-superannuation Premier policy will be issued to you. The monthly benefit remains constant across both policies.

How this Super Insurance to protect your income works

A claim is initially assessed with reference to the terms and conditions under the Super policy, and any claim amount payable will be paid to the trustee of the superannuation fund on your behalf. The trustee will then consider allowing this benefit to be paid to you outside superannuation.

In addition, the claim will also be assessed with reference to the terms and conditions under the Premier policy, and any claim amount payable will be paid directly to you.

The maximum benefits payable under both policies will never exceed that which would be payable under a single Premier policy. This structure offers you the most generous level of cover available, but with the cost effectiveness of superannuation. This is effectively giving you the best of both worlds.

Fill out a straightforward and simple application now!

Our online application is super-easy to fill out and submit, so get on board today! If you’d like to know more about this, the life insurance policy using the same premise or something else, call 1300 316 048.

 

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