Automatic cover for new members
If you work for an employer that’s chosen Equip Super as its nominated super fund, you may be eligible to receive default death and total and permanent disablement (TPD) cover through Equip Super. We generally don’t provide default IP cover, you must apply for it.
Our default death and TPD cover in Equip MyFuture is Smart Cover. Smart Cover provides an amount of cover that changes as you age, based on what a typical member may need at certain life stages.
- Death cover starts at lower levels while you're young and increases until you reach your mid-forties, to reflect the financial commitments many members may have at this stage of their lives.
- TPD cover is provided at higher levels through middle age, then gradually decreases as members generally have larger super balances and changing financial needs.
- If you join Equip Super through your employer which has a specific insurance offering, your cover will be different to Smart Cover. Check your PDS for more details on your cover.