Change or cancel cover
As your life changes, it’s good to know our insurance cover is flexible so you can make changes when you need to.
Make changes to your insurance cover
You can apply at any time to:
- Increase your level of insurance cover
- Reduce your level of insurance cover
- Cancel your insurance cover
- Transfer your insurance cover from another superannuation fund
- Fix your insurance cover to avoid a reducing sum insured as you get older.
Increase, fix or apply for insurance cover
If you want to apply for cover, or increase or fix your cover, you can do this in your online account. Alternatively, you can use the Application to change your insurance form.
Reduce or cancel your insurance cover
To reduce or cancel your BUSSQ insurance cover you can either:
- Call us on 1800 692 877 and we will make the change for you. Your call will be recorded.
- Complete the Application to cancel or reduce your insurance form.
Find out more about making changes to your cover in the Insurance Handbook.
Insurance articles
It's time to get real about death
Nobody likes talking about it. Just thinking about it can give you serious chills. If you bring it up around old people, everyone glares at you until you stop. No, we’re not talking about a reality TV family, religion, or the price of porridge and Metamucil these days. We’re talking about death. Specifically funerals.
Divorce and super
If your marriage or de facto relationship breaks down it impacts almost all parts of your life, including your superannuation.
If your family is changing, it’s time to review your insurances
According to several surveys, Australia has a serious underinsurance problem, with most Australians not having enough insurance coverage to meet their needs or lifestyle, should they need to make a claim¹. While many have some kind of insurance in place alongside their super, it’s not enough to meet their needs or the needs of their dependants if their financial circumstances change – especially amongst families with children. The average life insurance policy takes care of less than a third of what a young family would require to replace the income earned by a parent².