Death cover
Protect your loved ones if something happens to you
What's Death cover?
Death cover provides a lump sum benefit if you pass away.
You may be eligible to receive your Death benefit if you’re diagnosed with a terminal illness that’s likely to result in your death within 24 months.
How does Death cover work?
Death cover can provide a lump sum benefit if you pass away.
This payment is added to your CareSuper account balance and may be paid to your dependants or your legal personal representative (the executor of your estate). This payment is called a death benefit.
Find out more about making a death benefit claim and how to nominate a beneficiary so you can make sure your super goes where you want it to if you die.
How does a terminal illness benefit payment work?
If you’re diagnosed with a terminal illness that reduces your life expectancy to 24 months or less, you may be able to access:
- your super early, and
- an early payment of any death cover you hold through your super
Find out more about making a terminal illness benefit claim.
How much Death cover do you need?
The amount of cover you need will likely change throughout your life as your financial and personal situation changes.
Key life moments when you might review your cover include:
By reviewing your cover regularly, you can make sure your cover is right for you.
You can check how much cover you need and what it’ll cost by using our Insurance calculator.1,2
How can I get Death cover with CareSuper?
- You may have Default cover automatically added to your account if you meet eligibility requirements.3
- You may be able to apply for Tailored cover.2
Find out more
- If you hold or are eligible for Category D cover, read the Insurance guide (Category D)
- All other members should refer to our Insurance guide
Video explainers
Death cover FAQs
How can I check my current cover?
The easiest way to check your cover is in Member Online or the CareSuper app.
Find out how to get online.
Otherwise you can call us on 1800 005 166.
How can I change my cover?
How can I cancel my cover?
You can cancel your cover through Member Online, in the CareSuper app, or by completing and submitting the relevant form.
Cover can also be cancelled by calling us on 1800 005 166.
If you decide that you want insurance cover later, you'll need to apply and may need to provide health details. Your application will be subject to acceptance by the insurer. If you cancel or opt out of Default cover, you won’t be eligible for Default cover again.
What Death cover do we provide automatically?
We automatically apply cover to your account if you meet eligibility conditions without you needing to provide detailed health information (unless you’ve opted out). This is known as ‘Default cover’.3
The type and amount of Default cover and the cost you pay for that cover will change as you get older.
Find out more about Default cover.
What does Death cover cost?
There are costs associated with insurance. The amount you pay depends on the type and amount of cover you hold, your age, your employer paying SG contributions to CareSuper and your occupation rating.
You can use our Insurance calculator to work out how much your cover will cost.1,2
Your occupation rating impacts the cost of your insurance – physically demanding or higher-risk jobs generally cost more than office-based roles for the same level of cover. If you’re in a higher risk category than necessary, you could be paying more than you need to.
How can I make sure my super goes where I want it to if I die?
Nominating a beneficiary lets you have your say about who receives your death benefit once you’ve gone. Find out more about your beneficiary nomination options and how to make a nomination.
Disclaimers
1 The insurance fees provided by our Insurance calculator are estimates. Estimates are not available for Category D cover. Read the Insurance guide for more information. You can check your current cover and costs in Member Online and the CareSuper app.
2 Eligibility conditions apply, and applications may be subject to acceptance by our insurer and any relevant terms and conditions. Category D has limited options for changing cover, read the Insurance guide (Category D) for more information.
3 We’re required to automatically provide default insurance so employers can use CareSuper as their default super fund. Employers use default super funds to pay super contributions into for employees who don’t choose their own fund or have an existing super fund. Learn more about employer obligations.