How to transfer insurance between super funds

If you're already covered by another provider, transferring your insurance is fairly simple, provided you meet the requirements. Before deciding to transfer, consider your coverage needs, who currently pays for your insurance, and how transferring could affect your benefits.

Business woman entrepreneur using a calculator with a pen in her hand, calculating financial expense

Transferring insurance considerations

Transferring your insurance, whether from another super fund or a standalone life insurance policy, requires thoughtful consideration. Keep these questions in mind before making your decision:

Do you need more coverage? Assess whether the transfer will meet your current and future insurance needs.
Who currently pays for your insurance? Find out if you pay your insurance premiums directly, through your employer, or through a deduction from your super account.
Payment method for your current coverage: Clarify whether your premiums are deducted from your super balance or paid out of pocket.

Are you eligible to transfer your insurance?

To be eligible, you must meet the following conditions:

Current insurance policy:  Your current insurance must be under another life insurance policy, either with a super fund or through a retail policy. Insurance coverage from self-managed superannuation funds (SMSFs) cannot be transferred.
Insurer's eligibility criteria:  You must meet the specific eligibility criteria set by the insurer.
Claim status:  You have never made a claim against the insurance cover you are transferring and are not entitled to make one.

For more detailed information refer to the 'Employer Sponsored Super & Personal Super Additional Information' document or the Target Market Determination (TMD) relevant to your member type. These documents can be found here.

How much insurance can you transfer?

Eligible members can transfer Death Only, Death & TPD cover of up to $1,000,000, and/or Salary Continuation cover monthly benefit of up to $20,000. Before transferring your coverage, you should consider the differences between policy terms and conditions. 

How to apply

The transfer process is seamless and easy.  Submit the necessary documents and information with your application through your MemberAccess account. See the insurance roll-in form below for detailed instructions on transferring insurance coverage, including coverage types, eligibility, and application details.

After receiving confirmation that your insurance transfer request has been accepted, you should cancel your previous insurance to maintain coverage. The insurer will check whether you have cancelled your previous cover in the event of a claim. If you fail to do so, a benefit amount can be reduced.

Insurance roll-in form

Need more help? Contact our Client Services team

As a member, you can get personalised support from our Client Services team at no cost or obligation to assist with your retirement goals.

Book a meeting

^Disclaimer

^{The information on this page is of a general nature and needs to take into account your objectives, financial situation or needs. Before deciding if legalsuper suits you, please read the Product Disclosure Statement (PDS) and Target Market Determination (TMD). We encourage you to obtain personal advice from a licensed financial adviser before deciding based on this website. legalsuper handles information through its Privacy Policy. The relevant PDS, TMD, and Privacy Policy are available on this website. Past performance is not a guide to future performance. Legal Super Pty Ltd ABN 37 004 455 789 AFSL 246315 as the Trustee for legalsuper ABN 60 346 078 879.}