Insuring yourself, from the unknown

How secure would you, and your loved ones, be if life changed? You have the option to add on a life and income protection insurance bundle, with premiums paid from your mysuper account. Benefit from lower premiums and automatic cover of pre-existing conditions (no fitness or medical tests), if added within 90-days of joining ACC and your salary is less than $150,000. 

Provided by AMP, this is for mysuper members only.

Life insurance

Your loved ones would receive a lump sum cash payment of three times your annual salary (up to $450,000) to help cover debts and expenses if you’re not around.

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Income protection

If you suffer from a sickness or injury that prevents you from working, you would receive a tax-free monthly benefit of 50% of your annual salary (up to $8,000) until you’re back on your feet.

Pre-existing conditions

If you choose to add on the mysuper insurance bundle within 90-days of joining ACC, your salary is less than $150,000, and you are at work the day your cover commences, any pre-existing conditions will be covered.

Outside the first 90-days

If you apply outside the first 90-days of joining ACC you can still add on the insurance bundle, but you will be subject to acceptance by the insurer after you complete a full application form (including medical information). Unless you have any underlying health issues this should not affect your premium. If there is an issue it may be that the premium is increased, or cover is declined, deferred or accepted with conditions.

Unlocked account structure

Premiums can only be deducted from unlocked contributions so if you have chosen the 100% Locked account structure you aren't able to add-on our insurance cover. The KiwiSaver Act 2006 does not permit payment of insurance premiums out of locked contributions.

Income Protection rules

Redundancy is not covered and a 13-week stand-down period applies. Expiry is set at 65.

Income protection work hours

Income protection cover is based on working a minimum of 15 hours per week. Should your working hours change, or fall under 15 hours per week, please update us as soon as possible so we can update your cover accordingly.

Option to opt-out

At any time, should you wish to cancel the optional insurance bundle, you can contact our team. Our team can be contacted on insurance@mysuper.co.nz to answer any insurance related questions.

Insurance calculator

Calculate how much you’d be covered for and how much would come out of your mysuper account. This is based on age, gender, salary, and reviewed 1 October each year.

How much you’re covered for
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$0
How much will this cost? Fortnightly ANNUALLY
$0
$0

Find out for yourself

If you’d like to find out more, simply fill in the form below and one of the mysuper team at Mercer Marsh Benefits will be in touch. The information provided here is intended as a guide only, there are exclusions and limits to the cover AMP provides.

Life insurance policy Income protection policy

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