I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Insurance Offer through Super Fund

Did you know?

Have you 1 in 3 chance of being diagnosed with cancer before age 75?

Does stroke kill more people than cancer?

Cardiovascular disease is affecting one out of 5 Australians, and affects 2 out of 3 families?

Your Australian Catholic Superannuation insurance can continue after leaving a Catholic employer (subject to excluded occupations). The reality is, you can make all the preparations and plans for taking care of yourself so you won't get into trouble but if you don't have that umbrella, and if something was to happen to you or a significant person in the family, you could be led into trouble. So it's important to have insurance leverage and make sure that you have adequate cover.

Many people don't tend to get life insurance as often as they should. This comes from the false hope that our good health will continue or what's called an optimistic bias. We also tend to prioritize other people's health, especially our loved ones, first before ours. This is what the research suggests. So it's time that you start to review the different types of insurance cover that could be available in your super fund.

These are the standard insurance covers from super funds:

• Death Cover if you pass away, there will then be a lump sum paid to your beneficiaries.
• Total & Permanent Disability (TPD) Cover pays out a lump sum if you become totally and permanently disabled and unable to work again.
• Income Protection Insurance (TSC) If you are temporarily off work because you are sick or injured, then there would be replacement income paid to you. Assuming that you're a casual worker with some income protection but if you are over part-time, full-time capacity, the revenue capacity tends to be about 75% of your pre-existing income, plus an extra 10% paid into your super fund. This almost strikes a chord to your employer contribution. Generally, a revenue contribution would take at least 90 days of being off work.
Typically an income protection will pay up to two years, and there's an option there that's available before you make a claim so you can extend it up to a five year period or even up to the age 65.
• Crisis/Trauma Insurance pays benefit in the event you to experience a significant physical trauma, e.g., Heart attack, stroke, cancer.

More on insurance through super can be found at www.australiansuperfinder.com.au

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

Loading PLease Wait..