8 August 2023
000003-003952
000
Plan name
Plum Personal Plan
MR JUSTIN MCGILL
18 SACHA STREET
BURPENGARY QLD 4505
Member number
108089100
Dear Justin
We’re making changes to your insurance from 29 September 2023
We regularly review the insurance cover in your super to ensure it continues to be fair and provided at a competitive
cost. So, we’re making some changes to your insurance cover in the Plum Personal Plan.
What’s changing?
We’re:
•
reducing the premium rates for Death, Total and Permanent Disablement (TPD), and Salary Continuance
Insurance (SCI) cover
•
increasing the maximum Terminal Illness benefit and making changes to the TPD definition, suicide
exclusions, SCI offsets and interim accident cover
•
adding new life events to Life events cover - when you can increase your insurance cover without providing
health evidence.
We provide additional information in the following flyers if you’d like to learn more about your insurance and the
changes.
The enclosed Your insurance summary flyer provides details of your account including the current and
estimated new premiums.
The Important information about insurance flyer at plum.com.au/insured2023 outlines the changed terms
and conditions.
The Premium Rates flyer available at plum.com.au/premiumrates2023 shows the new premium rates.
If you'd like us to send you a copy of the flyers, just call us on 1300 55 7586 between 8am and 7pm AEST (8pm daylight
saving time) Monday to Friday.
//## E-0 S-3952 I-10012
While the changes will apply automatically from 29 September 2023, now’s a good time to check whether the
insurance you have is still right for you.
Even though the cost of your insurance is reducing, we encourage you to take the time to read this information and
understand what the changes mean for you. Any insurance premiums are deducted from your account balance each
month and will reduce your retirement savings.
Insurance cover can provide peace of mind and financial protection for you and your loved ones in the event of your
unexpected death, injury or illness.
Issuer/Trustee
NULIS Nominees (Australia)
Limited
ABN 80 008 515 633
AFSL 236465
Fund
MLC Super Fund
ABN 70 732 426 024
Insurer
MLC Limited
ABN 90 000 000 402
AFSL 230694
GPO Box 63
Melbourne VIC 3001
Tel 1300 55 7586
Fax 1300 99 7586
plum.com.au
Page 2 of 2
Continued from overleaf
The type and amount of insurance cover that’s right for you depends on your personal, family and financial
circumstances—as well as your income and lifestyle. Because these factors can change, a regular review of your cover
is important. Your financial adviser can help or give us a call and we can guide you through the process.
Where to find more information
Helpful reading
You can read the Product Disclosure Statement (PDS) and the Insurance Guide for more
information—they’re both available at plum.com.au and will reflect the new information
from 29 September 2023.
Insurance calculator
Check out our insurance calculator at plum.com.au/insurance-calculator
It may help you determine the most appropriate insurance cover for your personal
circumstances.
Insurance in super
You can find out more about insurance in super by visiting
plum.com.au/superinsurance
Cancel, reduce, or apply
for more cover
You can apply to change your insurance cover at any time by completing the insurance
form located at plum.com.au/useful-forms or call us to cancel over the phone.
Financial coaching
We have a dedicated team who can take you through the key considerations related to
insurance provided through your super account. You can book a phone-based meeting
with one of our Financial Coaches at plum.com.au/financialcoaching
We’re here to help
If you have any questions, please call us on 1300 55 7586 between 8am and 7pm AEST (8pm daylight saving time)
Monday to Friday.
Yours sincerely
/## E-0 S-10013 I-10013
Sam Wall
General Manager
Master Trust and Insurance Products
MLC Wealth
On behalf of the Trustee
Important information
The Trustee is part of the group of companies comprised by Insignia Financial Ltd ABN 49 100 103 722 and its related bodies
corporate. The information in this document is general information only and doesn’t take into account your objectives, financial
situation or needs. Because of that, before acting on this information, you should consider its appropriateness, having regard to
your objectives, financial situation and needs, plus consider the relevant Target Market Determination, Product Disclosure
Statement and Insurance Guide. You should consider obtaining financial advice before making any decisions based on this
information. Insurance cover is provided through policies issued by the Insurer to the Trustee as policy owner and the insurance is
subject to eligibility requirements, terms, conditions, exclusions and limitations set out in the Insurer’s policy document and is
based on the information provided to the Trustee. Subject to super law, the final authority on any issue relating to your account is
the Fund’s Trust Deed, and any applicable participation agreement and insurance policy, which govern the rights and obligations of
a member.
Your insurance summary
As at 26 July 2023
We encourage you to take this opportunity to review your cover and check if it’s right for
your current personal circumstances.
Check your details
Age next birthday
40
Gender
Male
Check your details
If we don’t have your details recorded correctly, this could impact the cost of your insurance.
Premiums are based on the type and amount of insurance you have, your age and your gender, so if any of
these details are incorrect, you could be paying the wrong premium.
Please contact us if any of these details are incorrect or need updating.
The sum insured amounts and premium estimates have been calculated based on your details as at 26 July 2023.
If you’ve changed any of your insurance cover details or had a birthday since then, this table may not reflect those
changes.
Current
From 29 September 2023
Sum insured ($)
Premium
monthly ($)
Estimated premium
monthly ($)*
Estimated
premium
change
(monthly $)
Death cover
309,274
20.62
18.04
2.58 decrease
TPD cover
309,274
13.66
12.37
1.29 decrease
34.28
30.41
3.87 decrease
Insurance Type
Total
The premium estimates combine the insurance premium charged by the insurer, as well as a 6% insurance fee
charged by us. The changes to your existing insurance are effective from 29 September 2023 and your insurance may
change in the future.
//## E-0 S-3952 I-10014
*The premium charged each month will vary, as it will be based on the number of days since the last premium deduction.
Your Insurance Summary 1 | 1