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.
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.