Qsuper Insurance Won't Cover Pre-Existing Medical Conditions

One of the advantages of having Life Insurances included in your Qsuper Superannuation fund was that you are automatically accepted (up to a certain amount).

If you couldn't obtain cover direct with a Life Insurer, at least you still had some Life Insurance in your Super.

I've just researched Qsuper's latest Life Insurance Benefit Guides (for a comprehensive Financial Plan I am preparing for a client), which confirms that whilst Qsuper automatically provides Death cover, they won't pay the full Death Benefit 'if, in the QSuper Board's opinion, your death is related to a pre-existing medical condition' within the last seven (7) years.

The real kicker here is that you may not have even known the medical condition existed when you were provided with the Death cover!

Just proves how important it is to understand what you're insured for (or have a professional Financial Planner, like myself, check it for you!).