Bringing your insurance
together
Wouldn’t it be great to have your insurance
and super in one place?
Consolidating your insurance
You may be able to consolidate your super or insurance if you have an MLC MasterKey Business Super, MLC MasterKey Personal Super or MLC MasterKey Super Fundamentals account with us, even if your insurance is with another provider.
Things to consider
There are a few things to consider before you combine your insurance into one super account:
- Making sure you meet the eligibility requirements (as detailed in the form).
- Make sure you’ve got the right insurance. The insurance that’s right for you depends on things like your family and financial commitments, income and lifestyle. Before you change your insurance, you should speak with a financial adviser.
- Review the terms and conditions in the relevant Product Disclosure Statement (PDS).
- Check to see what insurance you currently have. If you have insurance that’s linked to your age or salary—it may change to a fixed amount of insurance. Fixing your insurance at a certain amount means that it won’t change, even when your age or salary does.
- Once your super has been consolidated, you may want to cancel any insurance you have elsewhere.
It’s important to know that any conditions you have on your current insurance with us (or insurance you’re transferring)—such as premium loadings or exclusions, will continue to apply.
See the Consolidate your Insurance form for further details.
Consolidate your insurance today
The insurance that’s right for you depends on things like your family and financial commitments, income, and lifestyle. You can apply for a different level or type of insurance or cancel it at any time. Before you change your insurance, you should speak with a financial adviser. They can help you look at what you need and help work out what’s right for you.
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