Life Insurance Awards 2025: Best-Value Insurance in Super
Equip Super and MetLife have been named Money's Best-Value Insurance in Super provider as part of the 2025 Life Insurance Awards.
- Find out more about the inaugural Life Insurance Awards.
- Order your copy of the April awards issue.
- Check out more winners.
Both affordable and flexible, cover is adjusted to members' life stages, providing high levels of protection when it is needed most.
Around eight million Australians have insurance through their super. As well as providing for their members' future, this makes super funds a valuable source of financial protection.
But it's still important to look for value because premiums come out of retirement savings. So, what you pay today can impact your retirement income tomorrow.
"We recognise the critical importance of both protecting and growing our members' retirement savings, while ensuring they can continue to contribute to them throughout their life," says Carrie Norman, Equip Super's chief experience officer.
"This is why insurance is an integral part of our overall offering. Placing our members at the heart of our approach, we've designed our default death and TPD coverage with affordability and flexibility as key principles."
Cover is tailored to evolve over time in line with members' needs.
"For example, both death and TPD cover levels peak between the ages of 35 and 45, when financial responsibilities tend to be at their highest. After this point, cover gradually decreases, allowing members to focus on saving for retirement.
"We've achieved these high levels of cover and competitive premiums by understanding our members' and employers' needs, and by leveraging our size, scale and expanding membership base to negotiate the most favourable rates with our insurer, MetLife," says Norman.
Additionally, Equip Super offers a comprehensive wellness program as part of its overall offering.
"We encourage all members to take proactive steps to improve their health and actively engage with the fund," she says.
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