Perth based industry fund Westscheme has re-hired Tower Australia as its life insurance provider.
Tower managing director Jim Minto said the agreement continued a nine-year partnership with the fund.
"Through its long-standing partnership with Westscheme, Tower has been able to pass on an improved benefit scale to all members, broaden eligibility criteria, and offer extended total and permanent disability cover."
Minto said it was clear that more Australians were accessing life insurance protection through their superannuation schemes and trustees were responding to that development.
"The life insurance gap in Australia is continuing to grow with increased levels of personal debt, but the message to protect individual and family wealth when adverse circumstances arise is being more widely accepted in the community," he said.
