Insurance

Why take out insurance through GuildSuper?

Insurance is an important part of our everyday lives. We insure our houses and cars as a matter of course, and yet we often neglect to insure ourselves. Life insurance provides that peace of mind. Making real financial sense, life insurance is tax effective and easy to organise and maintain.

A tax advantage for employees

By making salary sacrifice contributions to pay for your insurance premiums you effectively pay for insurance with before tax dollars. This is usually more tax effective than paying for life insurance with post-tax income.

No need to remember - set and forget

Life insurance premiums are automatically paid from your GuildSuper account so you don't have to worry about making monthly payments. In the event your account does not have sufficient funds, your cover will lapse subject to a 30 day grace period. We will contact you within this period to ensure you have the opportunity to top up your account.

What type of insurance does GuildSuper provide?

GuildSuper provides new eligible members with:

• Two units of Death and Total & Permanent Disablement (TPD) cover for $2 per week. This is automatically granted to all eligible GuildSuper members upon joining (see the insurance section of the Product Disclosure Statement for eligibility criteria).

With GuildSuper, you can also apply to take out:

• Additional Death Only cover at units of $1 per week,
• Additional Death and TPD cover at units of $1 per week, and/or
• Salary Continuance insurance.

Note: Additional insurance is subject to meeting underwriting requirements. Insurance cover is issued by AIG.

This information is intended as a summary only. You should refer to the Product Disclosure Statement for a full description.