You have more insurance options with Lutheran Super


Provided by Lutheran Super.

As well as taking care of your super, Lutheran Super provides you and your family with financial security through a range of insurance cover options.

We've recently renegotiated our insurance arrangements to get you an even better deal from 1 January 2012.

In a nutshell, the improvement highlights are:

  • lower premiums for death and total and permanent disablement (TPD) cover
  • death and TPD cover continues to age 70
  • automatic qualification for additional death and TPD cover when major events happen in your life, subject to some conditions
  • the option to transfer insurance cover from another fund or provider into Lutheran Super
  • income protection (IP) cover that pays a benefit up to age 65 as standard with additional options available
  • lower total premiums for IP cover with a benefit payment period to the age of 65.

From 1 January 2012, the total IP premium cost for Lutheran Super members will be 1.343% of insured salary for the entire benefit period to age 65. For those members who have Lutheran Income Protection Plan (LIPP) cover, this compares with the current total premium cost of 1.88% of insured salary. (0.38% within Lutheran Super, 1.50% outside of Lutheran Super as a Salary deduction paid to LIPP).

For a limited time up to 1 March 2012, if you have existing death only or death and TPD cover, you can increase your cover by up to three units without health evidence, subject to some conditions.

Also, for a limited time up to 1 March 2012, if you have existing income protection cover, you can also increase your IP cover benefit payment period to age 67 without health evidence, subject to some conditions.

Members will receive more information about how these changes, how they apply to them and details about this special offer in the mail to their home address.

Changes at a glance

This table gives a summary at a glance of the changes to the insurance cover in Lutheran Super.

Need help?

Full details of the insurance changes, costs and terms and conditions are found in the fact sheet,
Your insurance: the details. If you have questions about these changes or the special offer, call the Lutheran Super Helpline on 1800 635 796.

This information has been prepared by Lutheran Super for general information only. The information does not take into account your personal objectives, financial situation or needs. Therefore, you should not act on this information if you have not considered the appropriateness of this information to your personal objectives, financial situation and needs. You should consult a licensed or appropriately authorised financial adviser before making any financial decision.


LCA Nominees Pty Ltd ABN 61 008 204 939 AFS Licence #240571, as Trustee for Lutheran Super ABN 93 371 348 387.

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