Insurance
Suffering an illness or injury is worrying enough, but have you thought about the added financial stress you or your family could suffer if the illness or injury stops you from working? You’ll be pleased to hear that with LGsuper you can get protection when it’s needed most.
Do I have insurance with LGsuper?
Most members under age 60 have death cover, as well as total and permanent disability (TPD) insurance that provides a payment if you are unlikely to ever be able to work again. Permanent local government employees working 15 hours or more per week also receive total and temporary disability (TTD) insurance that provides a monthly payment for up to 2 years if you become disabled due to sickness or injury. See our PDSs for the definitions of TPD and TTD, and any waiting periods that apply.
To find out how much insurance you have, check your most recent annual benefit statement.
Members with a Spouse account do not receive automatic insurance, but can apply for cover.
Can I increase my insurance?
You can apply for additional death and disability insurance by completing our Insurance application form. The amount of death and disability insurance each unit of cover provides varies depending on your age. You can also purchase income protection if you are a permanent employee working 15 hours or more per week.
When does my insurance stop?
Your insurance will stop if you leave LGsuper, permanently retire or if your account balance reaches $0 if you are a member of the Accumulation Benefits Fund, or falls below $1000 if you’re no longer a local government employee. There are other circumstances where cover will no longer apply. See our PDS for details.
Can I reduce or cancel my insurance?
Yes, you can. Before you do so, think about what reducing your insurance could mean for you or your family, and be aware that if you change your mind you will need to reapply for cover and this will be subject to acceptance by the insurer. Special conditions may apply.
