• Home
• Retirement Planning & Investment Advice
  • Retirement Planning & Investment Advice
  • The Partners Advice Model
  • Our Investment Approach
  • Portfolio Performance
  • Life Stages
    • Wealth Accumulators
    • Pre Retirees
    • Retirees
    • Self Employed & Small Business Owners
• Superannuation Services
  • Introduction
  • Establishing a New Fund
  • Updating Existing Funds
  • End of Year SMSF Compliance
  • Fund Administration
  • Commencing a Pension
    • Allocated Pension
  • Paying a Lump Sum Benefit
  • Consulting About Compliance Issues
  • FAQ's
  • Schedule of Fees
• Personal & Business Insurance
  • Introduction
  • Family Protection
  • Life Insurance and Superannuantion
  • Business Protection
  • Salary Packaging
• Partners Property
• Partners Mortgage & Lending
• Partners Legal
  • PARTNERS Legal – the law firm
  • Legal services and products
  • Accountants and PARTNERS Legal
  • About the PARTNERS Legal Team
  • Testimonials
• Accountants
  • A Working Partnership
  • Absolute Value for Your Practice and Your Clients
  • The PARTNERSHIP Program
  • Compliance Program - Peace of Mind
  • Ongoing Revenue Payments
  • Marketing And Communication
  • Accountants and Partners Superannuation Services (PSS)
• Testimonials
• About Us
  • About Partners
  • Our Services
  • Key Personnel
  • Media Releases
• Contact Us

Life and Super

Life Insurance Within Superannuation

A significant number of superannuation funds provide not only retirement benefits, but also insurance cover. If a member has taken out life insurance through their superannuation fund and the member subsequently dies:

• the insurance proceeds are paid by the insurer to the trustees of the superannuation fund; and
• as death is a condition of release, the trustees of the superannuation fund can then pay the proceeds of the life insurance policy along with the member's account balance to the beneficiaries or the legal personal representative of the member.