Sunsuper for Life Business - savings account

Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2019 MyChoice Super of the Year Award, as well as the 2019 Best New Innovation Award for Sunsuper BEAM. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.Members have access to an investment menu comprising 19 Diversified and Single Sector options, including both actively managed and index investment strategies. The Balanced option has outperformed the SuperRatings Index over the short and long term.Fees are lower than the industry average across all assessed account balances, with the asset administration fee charge on account balances up to $800,000 only. Members are able to switch investment options at no cost; however, an exit fee applies. A full suite of insurance cover is offered, with Standard Cover available up to an Automatic Acceptance Limit (AAL) of $1 million for Death & TPD cover and $12,000 per month for Income Protection (IP). Members can also apply for additional Death cover up to $5 million and TPD cover up to $3 million. Voluntary IP cover is also available covering up to 85% of salary, over a benefit payment period of 2 years or 5 years with a choice of 30, 60, 90 day waiting periods.Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.