MB Super now offers insurance cover

We are proud to announce that MB Fund Super accounts now offer personal (Life and Total & Permanent Disability) insurance cover. You can select Life only, TPD only or Life with linked TPD cover.

We have spent considerable time in choosing an insurance partner that offers a sound and reliable insurance solution for MB Fund clients. Metlife has 150 years of experience in personal insurances, and currently insures over 2.6 million Australians as the 3rd biggest group life insurer in the country.

Policies made through the MB Fund are stand alone and are individually underwritten, meaning less chance of issues in the event of claim, and are portable, meaning you can move superannuation accounts and still retain this cover.

Furthermore, we have removed commissions from the premiums to ensure that they are cost effective.

All super insurance premiums can be paid using your MB Fund Super account.

If unsure about a suitable amount of cover, you can try this calculator. If you would like a full analysis of all insurance needs (including income protection and trauma insurances not currently offered) please book a call and I can arrange a referral to a face to face adviser near you.

As always, more than happy to discuss and answer any questions either by booking a call or giving me a call on 1300 623 863.

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Tim Fuller is Head of Operations at the MB Fund powered by Nucleus Wealth.

The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Tim Fuller is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Nucleus Advice Pty Ltd – AFSL 515796.

Comments

  1. The Traveling Wilbur

    hmmmm…. Great news about the no commission clip. Generous, nay somewhat courageous, decision…

    But… clicked on link to calculator only to find it wasn’t the kind of calculator I was expecting. Anywhere I can go to see fees for the amount of cover I already know I need? (i.e. what my existing fund’s cover is)

    Please note, link good. Call to get this info, not so much. Ta in advance.

    • Tim FullerMEMBER

      Hi Wilbur, we have built the quoting software into our onboarding process for Personal Super accounts. You need to provide some further information (occupation, smoking status, insurance amount etc) and it will give you a live quote for both stepped and level to age 65 premiums that you can choose before proceeding on with the application.
      We have decided to strip out the commissions as it makes the premiums significantly cheaper and often comparable to group cover.

  2. HadronCollision

    Be good to know how it stacks up against what I reckon is probably the best bang for buck in First State Super’s (via TAL).

    Anyone done a comp?

    • Tim FullerMEMBER

      Hi HC, not sure how TAL’s group cover will compare price wise, but keep in mind that the insurance available through MB Super is a stand alone and individually underwritten policy that can be maintained separate from the super investment product.
      This method offers flexibility of super investment fund later on without cancelling the current policy, or needing to leave behind an amount to maintain the insurances.

  3. Awesome work.

    One stumbling block. Which advice thing to choose?

    I lean towards the middle one, but I do wonder when ticking the boxes whether I need that stuff? Tax considerations? I don’t know? It’s super. Is there something I don’t know?

    I don’t really think super could have considerations in the personal finance realm, but… does it?

    • Tim FullerMEMBER

      Hi myne, more than happy to chat before you head down any path in the onboarding portal. Keep in mind that all pathways are open for exploration, and remain unlocked unless you submit the application. It might be worth checking out what is on offer, and if you still have questions give me a call on 1300 MB FUND. Cheers.