Who is the nominated beneficiary of your super fund?

Written and accurate as at: 25 August 2009

Who is the nominated beneficiary of your superannuation? Is it who you want it to be?

To find out, check your superannuation statements for a section on death benefit nominations or contact your financial adviser or superannuation fund.

If you have more than one superannuation fund, you will need to check with each superannuation fund.

Also, what is the amount of Life insurance included in your superannuation fund?

Are you happy that your superannuation balance plus the Life insurance proceeds would go to the nominated beneficiary upon your death? If you need to change your nominated beneficiary you should talk to your financial adviser or your superannuation fund.

Sometimes our circumstances change and we forget to update things like our nominated beneficiary for our superannuation fund.