Additional insurance cover
Having the right level of insurance cover for your personal circumstances will help provide peace of mind for you and your dependents.
It is a good idea to review your insurance needs from time to time to make sure your cover takes into account any changes in your circumstances. Consult a licensed financial adviser who can help you with your insurance planning.
Applying for additional insurance
Applying for additional insurance cover involves seven simple steps.
1. Read the MTAA Super Insurance Handbook
2. Decide what type of additional insurance you need
- death only
- death plus total and permanent disability (TPD)
- income protection
3. Determine the insurance scale you qualify for
- general
- non-manual
4. Calculate how much cover you need and if you would like either fixed cover or unitised cover.
5. Complete the 'Application for additional insurance' form
6. Decide who you would like to receive your benefit in the event of your death.
- Complete the 'Binding death benefit nomination' form for certainty about who receives your benefit if you die- a small fee applies
OR
- Review or update your preferred beneficiaries in your super account. Note that the Trustee of MTAA Super has a legal responsibility to identify all dependents who might be entitled to your death benefit, and to make the final decision about the payment of your death benefit.
7. Send your application to MTAA Super, Locked Bag 15, Haymarket NSW 1236