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How to review your insurance inside super

November 15th, 2018

As you will have received this year’s Annual Member Statement, it’s the ideal time to check your level of insurance cover and that it still suits your own particular situation.

Life insurance can provide cover for death, total and permanent disablement (TPD), and income protection in the event of injury or illness, providing valuable protection for you or your loved ones.

First Super partners with MetLife to offer its members built-in insurance cover and this can often be the most affordable and easiest way to get the cover you need.

For instance, insurance premiums are paid directly from your super, which means you don’t need to make a separate monthly insurance payment. We’ve also negotiated bulk rates for our members, so generally these premiums are lower than if you buy direct from an insurer or through an advisor.

Most members automatically receive a base amount of cover when they join First Super, so from here it’s about changing (increasing or decreasing) cover to suit your circumstances.

To give you a helping hand, here’s a quick guide to reviewing your insurance and putting in place the best level of cover to match your needs.


Check your current insurance by looking at your Annual Member Statement, logging on to firstonline, or by contacting our Member Services Team.


Think about what type of insurance you may need:
• Life – sometimes called Death insurance
• Total and Permanent Disablement (TPD) – for serious accidents or illness, which permanently stop you from working
• Income Protection – provides a regular payment during prolonged illness



It’s not as tricky as you think. Use the calculator on the First Super website to get a guide of how much insurance cover you need. This will also give you the cost of insurance which will come from your super account rather than having to pay separately.

Otherwise, you can speak to a First Super Financial Planner to get advice on what best suits your situation.


Log into our secure member portal – firstonline – to apply for insurance. You’ll need to answer questions relating to your health so we can assess your application.


Once you’ve submitted your application, you’ll get confirmation of your cover or an indication of what other steps might be required.

To find out more or to discuss your insurance questions with a Financial Planner, visit our website or call our Member Services Team on 1300 360988.

Article provided by Metlife – First Super’s insurance partner.