Keeping your super safe
Super funds are becoming a target for criminals, with identity theft one of the biggest risks. Here’s some important steps you can take to make sure your account is safe.
life
Having insurance through your super account can help ensure you and your family are covered if the worst happens.
At HESTA, all eligible members receive insurance automatically once they’re aged over 25 and have more than $6,000 in their account and their account is not inactive.
In fact, some members choose to increase the amount of cover they have over and above the default level to provide better cover if they become sick or injured and are unable to work.
As we get older however, it’s worthwhile checking back in with the insurance you have through your super to ensure it’s still working for you.
Why review your insurance?
As you move through life’s stages, you may find that your need for life cover is decreasing. You may have been able to pay down some of your debt such as a home loan. If you have children, perhaps they’re no longer as dependent on you as they were and are now able to earn their own income.
As we age, insurance premiums also increase – which means more will be deducted from your super account to cover the insurance fees and costs necessary to retain the level of cover you have.
Watch HESTA Super Adviser Anne Dalton explain what you need to know about insurance
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Who gets your super when you die?
You can make sure your super goes to the people you choose. Find out why that might be important to you.
Need insurance advice?
We have expert advisers ready to talk to you over the phone or in person to help you assess your insurance needs.