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How do you apply?
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Please contact Member Services on 1300 369 901 to obtain a copy of the form.
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Insurance may be an important part of your superannuation
arrangements. You may already, through your membership
in the Local Government Superannuation Scheme, have
some insurance cover. However, this may not be sufficient
for your needs. We have, therefore, arranged for extra
cover to be made available through additional voluntary
insurance.
The Voluntary Insurance Information Booklet explains the features of the extra cover and how you can apply for it.
The cover is provided through a contract with Tower Australia
Limited (the Insurer) and is available at competitive rates.
Cover is underwritten by the Insurer on an individual
member basis. Cover does not commence until the Insurer
notifies you that they have accepted your cover and any
conditions they have put on that cover.
What types of cover are available?
There are three types of cover available:
Lump Sum Death Only Cover
Lump Sum Death and Total and Permanent
Disablement Cover
Salary Continuance Insurance, available for either a 2
year period or until age 65, which provides income
protection for temporary disablement.
In addition, Accident Cover is provided between the time
we receive your application and the time that the cover is
approved or rejected.
Who can apply for cover?
Any member of the Local Government Accumulation or
Executive Schemes can apply for lump sum Death Only
Cover and lump sum Death and Total and
Permanent Disablement Cover (if less than age 71) and
Salary Continuance Insurance cover (if less than age 65 and
gainfully employed).
How are premiums calculated and paid?
The premium depends on the amounts of cover you have,
your age, sex, occupational classification and health status.
Premiums are deducted from your member account each
month. Premiums will be deducted from your compulsory
employer contributions sub-account (ie Super Guarantee),
unless that account does not have a sufficient balance.
Premiums are payable for the whole month if you opt out
on or after the 15th of any month. Rate increases for
birthdays apply for the whole month if your birthday is
before the 15th of the month.
How do you apply?
Please contact Member Services on 1300 369 901 to obtain a copy of the form.
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