Superannuation Insurance

Superannuation Life Insurance provides a lump sum payment in the event of death.

Total and Permanent Disablement cover is available as an optional benefit.

Superannuation Life Insurance is purchased through a superannuation fund. This may entitle you to a tax deduction; however circumstances vary, so you may need to discuss you own situation with your financial planner.

Superannuation Life Insurance is designed specifically to provide a benefit in the case of death; it does not have a savings facility.

The minimum annual premium is $200.

A policy can only be effected after completion of an application form attached to a Product Disclosure Statement that can be obtained by calling 131 737.

Any taxation considerations made in the notice are based on current tax laws and financial planning advice should be sought.

This article is published by NM Superannuation Pty Ltd ABN 31 008 428 022 AFS License No.234654. NM Superannuation Pty Ltd is a wholly owned subsidiary of National Mutual Life Association of Australasia Limited ABN 72 004 020 437 AFS License No. 234649 of 750 Collins Street, Melbourne Vic 3008. In preparing this information, NM Superannuation Pty Ltd did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making any investment decision, you need to consider (with or without the assistance of an financial planner) whether this information is appropriate to your needs, objectives and circumstances.