Being ill

It’s easy to think ‘it will never happen to me’, but if you do fall ill, your super can be a source of financial support.

Your super doesn’t just provide money for retirement. The insurance held through your super can support you in times of need.

Insurance can be a financial lifeline

As an Active Super member, you may be protected by our basic insurance cover. This provides you with a basic level of Death and Total and Permanent Disablement (TPD) cover – the amount of cover you receive is tailored to the general needs and risk profile of your age group.

If you experience an illness that leaves you permanently disabled, your TPD insurance pays a lump sum – money that can be a financial lifeline to help you maintain a quality lifestyle and fund special care needs.

If you would like insurance cover in addition to or instead of your basic insurance cover, Active Super offers voluntary insurance cover, which includes Salary Continuance Insurance (SCI) Cover. SCI cover provides income protection regardless of whether it is temporary or permanent. and can provide up to 85% of your monthly salary (75% paid as income and 10% as a Superannuation Contribution Benefit) if you can no longer work due to illness or injury.

Sources of income support

A serious illness can have a significant impact on your financial wellbeing. You might be able to access your super early on compassionate grounds – or if you have a terminal illness.

Further income support may be available through Services Australia. Even a small level of support can see you entitled to concessions on a variety of services and utilities.

If illness leaves you with a disability, it’s worth contacting the National Disability Insurance Scheme (NDIS) to discover any support and services you may be eligible for.