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Insurance features

When joining Rest Corporate, you automatically recieve Default Cover for Death, Total and Permanent Disablement (TPD) and Income Protection# (subject to eligibility).
 
All detailed information about our insurance offering is available in the Rest Corporate Insurance Guide.

Insurance options and features

Insurance options
Death cover
  • Provides a lump sum benefit in the event of death
  • Default cover#:
    15% of Salary x Future Service to age 70
  • You can increase, decrease or cancel your cover.
  • Voluntary cover available*
TPD cover
  • Provides a lump sum benefit to you if you become totally and permanently disabled as a result of being sick or injured.
  • Default cover#:
    15% of Salary x Future Service to age 70.
  • You can increase, decrease or cancel your cover.
  • Voluntary cover available*
Long-term Income Protection cover
  • Provides you with a monthly income stream if you're unable to work for a prolonged period due to injury or illness.
  • Default cover#:
    87% x Pre-disability income (includes 12% super component) with cover capped at $30,000 per month.
    Waiting period - 60 days
    Benefit payment period - up to age 65
  • You can opt-out or adjust your cover to include:
    Waiting period - 30 days* or 90 days
    Benefit payment period - up to 2 years.

Cost for insurance cover

Insurance costs All detailed information is in the Rest Corporate Insurance Guide.

Insurance features
 

Transfer cover from another fund^

You can transfer up to $1 million of existing Death or TPD cover you may hold with your previous super fund to Rest.
Retained division You can stay in Rest Corporate and retain your existing cover when you leave your current employer. On transferring to the retained division, your level of cover will be fixed and the cost of insurance will change to reflect your change in employment.
 

Special offer for new members

 
You can increase your level of Death and TPD Default Cover or reduce your IP waiting period without having to provide any health evidence (limits and conditions apply) within 120 days of joining Rest Corporate (provided you have also joined Rest Corporate within 120 days of first being eligible). Call 1300 300 778 to change your level of cover.

Note: Death and TPD cover are linked benefits, ie payment of a TPD benefit reduces your Death and TPD cover by the same amount. Additional terms apply as set out in the Rest Corporate Insurance Guide. 

# Your employer may have chosen a different level of Default cover design that differs from Rest’s default package. Your employer may not include IP as part of the default package of insurance. If your employer has chosen Nil Income Protection cover, you may still apply for cover subject to underwriting and acceptance by the insurer.

* Subject to underwriting and approval by the insurer unless applied for as part of the Special Offer outlined above. Note that if your employer has chosen a 10% default option, the Special offer only applies to increase cover up to 20% for Death and TPD. If your employer has chosen a 90 day Income Protection Waiting Period, the Special Offer only applies to a change to a 60 day Waiting Period.
 

^Subject to approval. Conditions apply.

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at rest.com.au/about-rest/awards. Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au