Total Care Plan Super
Total Care Plan Super is a superannuation product provided under the Colonial Super Retirement Fund (the Fund). The trustee of the fund is Colonial Mutual Superannuation Pty Ltd (the Trustee).
Total Care Plan Super provides insurance benefits for death, terminal illness, TPD and income protection in a superannuation environment. You may decide to apply for cover through a superannuation fund, thereby allowing you to use superannuation money to pay for your premiums.
Total Care Plan Super is designed for people who are self-employed, employed or eligible spouses.
Total Care Plan Super Benefits & Features* | Description |
Life Care benefit | Pays a lump sum into your super on your death. |
Terminal illness benefit | Advances the Life Care benefit if you are terminally ill. |
TPD cover benefit | Pays a lump sum into your super if you become totally and permanently disabled due to sickness or injury. |
Severe hardship booster benefit | Pays a higher Life Care benefit for death, terminal illness, or total & permanent disablement due to specific conditions. |
Loyalty bonus benefit | Rewards you for keeping your cover by paying 5 per cent more benefits. |
Life Care buy back | Allows Life Care to be reinstated after twelve months if it is reduced due to a TPD Cover claim. |
Income Care Super | Allows the insured to insure up to 75 per cent of income, using super money. |
Reward cover benefit | Rewards the insured for loyalty for keeping the cover by paying up to $100,000 Accidental Death Cover on Income Care Super. |
Automatic indexation | Increases your cover each year in line with inflation. |
Interim accident cover | Covers you for accidents while your application is being processed. |
Total Care Plan Super options* | Option description |
Plan protection option | Ensures you don’t have to pay premiums if you are totally disabled. |
Accidental death cover option | Allows you to top-up your Life Care cover. It will pay you a lump sum in the event of your death by accident. The lump sum is payable in addition to any Life Care Benefit payable. |
Increasing claim option (Income Care Super) | Ensures that your claim benefit increases with the changes in inflation. |
Accident option (Income Care Super) | Allows you to receive a claim benefit during your waiting period if you are totally disabled by an injury for three days in a row. |
*These benefits will be paid into your super and may be subject to preservation rules.
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