What is a Death Benefit? Who is it paid to?
A Death Benefit is your super payout made to your beneficiaries in the event of your death, as long as you were an existing customer.
It’s important we know who (beneficiaries) you would prefer to receive your Death Benefit while you’re a customer. This benefit includes the balance of your super account and any insurance benefits from paying an insurance premium to the fund.
Death Benefits are normally paid to either:
- Your dependants – spouse (including a de facto spouse, children, anyone else who is financially dependent on you, or anyone with whom you have an interdependent relationship;) or
- Your estate.