BEST-VALUE INSURANCE IN SUPER

GOLD WINNER LEGALSUPER

Policyholders can be confident they’ll be covered in the event of an accident or illness

Legalsuper has pushed past Intrust Super, which has won in the previous six years, to take the gold award for its lowcost, well-featured life, total and permanent disability (TPD), and income protection insurance.

Legalsuper members get the protection of high cover for a great price because of their favourable risk profile. The 30-year-old fund, with $3 billion under management, was originally set up for employees in the legal sector but is now open to anyone as a public offer fund.

New members can take up a special insurance offer if they are in the employersponsored division. It allows them to increase their death and TPD cover by up to four units depending on their age.

Under legalsuper’s income protection insurance, members can apply for cover of up to 85% of their pre-disability wages to a maximum of $30,000 a month: 75% goes to the member and 10% to super.

A feature of Intrust’s PayGuard insurance for casual, parttime and full-time employees is cover for 90% of their wage or salary as income payments. An additional amount equal to 10% of those payments goes to the member’s super.