Who is eligible for automatic insurance cover?

If you are under 65 years old when you join GESB Super or if you’re already a West State Super member, you’re automatically eligible for:

• Death (including Terminal Illness) cover
• Total and Permanent Disablement (TPD) cover
• Salary Continuance Insurance cover

Other eligibility conditions apply - and these will be different if you’re a casual employee.

Your insurance cover in Gold State Super is based on the results of the medical examination you took when you joined the scheme and/or further medical information which you may need to provide to us in certain circumstances. You can qualify for one of three levels of cover: Standard, Limited or Minimum.

What happens to my super when I pass away?

When you die, your super becomes known as a 'death benefit'. This includes the balance of your super account, plus any insured benefit that you may have within your super.

What happens to your death benefit will depend on your circumstances at the time of your death:

You have nominated beneficiaries

You can nominate who receives your death benefit, such as your partner or family members.

You have a valid will

If you haven’t nominated who receives your death benefit but have a valid will, your benefit will be paid to your estate as outlined in your will.

Your estate includes all your assets and investments, such as your properties, bank accounts, vehicles and super.

In Western Australia, for a will to be valid, it must have a certificate of Probate granted by the Supreme Court of Western Australia.

You don’t have a valid will

If you pass away without a valid will (known as ‘intestate’) and have no nominated beneficiaries, the court may grant ‘Letters of Administration’ to a person who will usually be a beneficiary of your estate.

Find out more about the process of claiming a super death benefit from us when there is no nomination in place.

The best way to control what happens to your super is to nominate a beneficiary.

What is a taxed fund?

A taxed fund, such as GESB Super, is one where a 15% contributions tax applies on taxable contributions (such as employer or salary sacrifice contributions) when they are received by the fund. Investment earnings in a taxed fund are taxed at a maximum rate of 15% in the year that they are earned.

If you have a taxed fund, you may also need to pay tax when you are able to access your super benefit. This depends on your individual circumstances.