AustralianSuper offers a number of membership categories and because everyone’s insurance needs are different, the type of cover available will vary depending on the nature of work people do, employment arrangements, their age, education and eligibility. There are many types of life insurance benefits available in the market and no product is identical to another, AustralianSuper does not intend that this calculator will influence your decision about your super or any financial product and no such intention should be inferred.

This calculator can assist to work out the cost of insurance except for cover in AustralianSuper Select division, further information about insurance cover can be found in the insurance guides available on the AustralianSuper website.

It’s important you evaluate the appropriateness of insurance to your financial circumstances so you should consider the cost of cover over time as this may impact the amount of money you end up with in retirement. The higher the premiums the less savings you will have available for your income when you stop working. Like most types of insurance you have the option to change, review or cancel at any time.

Please take time to read all of the details about the calculator – how it works, the conditions and restrictions.

About this calculator

This insurance calculator has been made available to anyone by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, the Trustee of AustralianSuper ABN 65 714 394 898 to help better understand if an individual’s financial circumstances were impacted by a life event how it can be protected through insurance cover.

It has been developed by TAL Life Limited, ABN 70 050 109 450 AFSL 237848, whose copyright is reserved. TAL is responsible for the calculation methodology and the outcomes produced as a result of the information you add about your circumstances. The systems and logic included in the calculator are based on existing legislation, laws current at May 2018 and does not take into account any proposed legislative changes.

TAL is the insurer underwriter for all insurance cover provided through AustralianSuper to its members.

Disclaimer

The outcome produced from the calculator are illustrative only, so should not be relied upon as a guarantee. It does not reflect your ability to obtain the level of cover presented as this may be subject to underwriting assessment and approval, premium loadings and/or policy exclusions. The calculator does not make any assumptions about you or your circumstances.

Before making any financial decisions consider your own financial circumstances, needs and objectives and consider getting professional financial advice.

AustralianSuper doesn’t accept any liability, either direct or indirect, arising from any person relying, either wholly or partially, upon any information, provided by, resulting from, shown in, or omitted from, the calculator. In no way will AustralianSuper be liable for any loss or damage caused by a user’s reliance on information obtained using this calculator.

How the calculator works

The calculator shows the costs of cover by applying the information that you enter.

Let's get started on your insurance needs and costs.

The calculator makes assumptions based on the information you enter to estimate how much it may cost to maintain your (and your family’s) lifestyle if something happens to you.

Please note that IE11 and below is not supported by this tool. Please use an alternate browser

Information about yourself


You need to be at least 15.
You need to be no older than 69.
Please enter your current age.
$
Max value is 99,999,999


Financial details

The calculator makes assumptions based on the information you enter to estimate how much it may cost to maintain your (and your family’s) lifestyle if something happens to you. You can choose to enter a total figure or work through each question. The more detailed information you provide, the more reliable the calculation of your insurance needs will be.


Income & expenses
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Your salary must be greater than zero.
Your income exceeded the maximum value of $999,999,999.99 annually.
You must enter a value for your income.
$
Your partner’s income exceeded the maximum value of $999,999,999.99 annually.
$
Your other income exceeded the maximum value of $999,999,999.99 annually.
$
$
The maximum total expenses allowed is $999,999,999.99
Total income must not be less than your expenses.
Assets & debts
$
The maximum total assets allowed is $9,999,999,999.99
$
The maximum total debts allowed is $9,999,999,999.99

Calculated insurance cover

This insurance cover estimate has been calculated using the information you entered. It should only be used as a guide. The values are representative of those applicable to AustralianSuper and you may be able to access different cover and costs from another provider. You should compare the values provided here with the values of other products you may be considering.


If you were to suffer from a disability, you may incur additional expenses like changes to allow wheel chair access. Below is an estimate of the average additional expense. The amount you need may change depending on the type of disability. You can choose the amount you think you might need.

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Explanation of the extra disability calculation

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Cost of your insurance

The kind of work you do can impact the cost and type of insurance cover. By entering information about the relevant plan that applies to you and what insurance cover you need the calculator can work out the approximate cost. The calculation below is an estimate. This is not a quote and should be used as a guide only.

Insurance information


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Death cover

$
Please select an amount of cover that is $0 or more
Please select an amount of cover that is $10,000,000 or less
Please select an amount of cover between $0 and $10,000,000
Total weekly cost
Less than $0.01 {{$ctrl.totalDeathCoverWeeklyPremium | currency}}

Total & Permanent Disablement cover

$
Please select an amount of cover that is $0 or more
Please select an amount of cover that is $3,000,000 or less
Please select an amount of cover between {{0 | currency:'$':'0'}} and {{$ctrl.isDeathCoverAmountExceedingMaxTpdCoverAmount() ? $ctrl.totalDeathCoverAmount : $ctrl.maxTpdCoverAmount | currency:'$':'0'}}
{{$ctrl.tpdGreaterThanDeathError}}
Total weekly cost
Less than $0.01 {{$ctrl.totalTpdCoverWeeklyPremium | currency}}

Income Protection cover

$
Please select an amount of cover that is $0 or more
Please select an amount of cover that is $30,000 or less
Please select an amount of cover between $0 and $30,000
{{$ctrl.incomeProtectionWarningThresholdErrorMessage}}
Total weekly cost
Less than $0.01 {{$ctrl.incomeProtectionWeeklyPremium | currency}}

Total cost summary

Cover Cover amount Total weekly cost
Basic (automatic) death cover* Fixed (automatic) death cover* {{$ctrl.roundNumberToNearest($ctrl.basicDeathCoverAmount,1000) | currency:'$':0}} {{$ctrl.basicDeathCoverAmount | currency:'$':0}}

Total weekly cost

{{$ctrl.basicDeathCoverWeeklyPremium | currency}}
Basic (automatic) TPD cover* Fixed (automatic) TPD cover* {{$ctrl.roundNumberToNearest($ctrl.basicTpdCoverAmount,1000) | currency:'$':0}} {{$ctrl.basicTpdCoverAmount | currency:'$':0}}

Total weekly cost

{{$ctrl.basicTpdCoverWeeklyPremium | currency}}
Death cover {{$ctrl.roundNumberToNearest($ctrl.voluntaryDeathCoverAmount, 1000) | currency:'$':0}}

Total weekly cost

{{$ctrl.voluntaryDeathCoverWeeklyPremium | currency}}
Total & Permanent Disablement cover {{$ctrl.roundNumberToNearest($ctrl.voluntaryTpdCoverAmount,1000) | currency:'$':0}}

Total weekly cost

{{$ctrl.voluntaryTpdCoverWeeklyPremium | currency}}
Monthly Income Protection cover * {{$ctrl.incomeProtectionCoverMonthly | currency:'$':0}}

Total weekly cost

{{$ctrl.incomeProtectionWeeklyPremium | currency}}

This print out is not a quote

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{{$ctrl.waitingPeriodDisclaimer}}

This print out is not a quote

This insurance cost estimate has been calculated using the information you entered. It should only be used as a guide.

The values are representative of those applicable to AustralianSuper and you may be able to access different cover and costs from another provider. You should compare the values provided here with the values of other products you may be considering.

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Total weekly cost
{{$ctrl.calculateTotalWeeklyPremium() | currency}}

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