How do I know if I am covered for Total and Permanent Disability?
If you belong to an industry super fund such as Hesta, Australian Super or Media Super you may have what is called ‘Default Insurance’ as part of your fund.
Default Insurance is automatically applied to your policy and generally includes Life, TPD and Income Protection Insurance. You can find out exactly what and how much cover you have by contacting your super fund. Alternatively they may have sent you paperwork detailing your cover.
It is possible to take out a policy through your super fund. Please contact your financial adviser to find out how this can be done.
Please note that Default Insurance may not be an adequate level of insurance for you as it is a one side fits all proposition and is not tailored to meet your needs. Even if you have cover through your super fund, you should speak to a financial adviser about your cover options.