The amount payable to a member's beneficiaries and/or dependants in the event of the member's death.
Insurance arrangement whereby the member's beneficiaries and/or dependants receive an insured amount in the event of the member's death.
Prime Super offers a choice as to the level of cover, expressed as the amount of cover per unit of insurance. Insurance premiums are deducted from contributions as they are received by Prime Super. It is most important that you read the detail of your fund's insurance arrangements, and decide what options, if any, you wish to exercise.
The spouse (including de facto spouse) or child (including a step-child, adopted child or a child born outside marriage) of the member. This includes any person who the member has an interdependency relationship within the meaning of the Superannuation Industry Supervision (SIS) Act, or any person who is financially dependant (either partially or totally) on the member.
The current policy defines disability as "being unable by reason solely of illness or injury to attend to his or her occupation and provided the member is not otherwise gainfully employed or gainfully engaged in gainful business activity".
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The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.
Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276