The insurance calculator provides you with an estimate of the premiums you may pay for cover you apply for with First State Super (the Fund). The results are based on your answers to a set of basic questions such as your age, employment, occupation, and the type and amount of cover you’re applying for.

The insurance calculations do not take into account your personal circumstances, they do not constitute and are not a substitute for financial advice and they do not recommend suitable levels of insurance cover for you. You should consider obtaining financial advice which takes into account all of your personal circumstances before making decisions relating to your insurance.

This insurance calculator does not guarantee that you will receive insurance cover through the Fund. You can apply for insurance cover in addition to any automatic cover that you may receive. Applications for insurance cover will be assessed by the Fund's insurer based on evidence of health and personal information, and then either accepted (with or without conditions) or declined. The actual amount of cover and premiums to be charged may also differ from those produced by the calculator.

You should also read the First State Super Member Booklet (Product Disclosure Statement) for your membership division (available by visiting http://www.firststatesuper.com.au or by calling 1300 650 873).

For information about the insurance cover available through the Fund, please see the "Insurance Member Booklet Supplement" for terms, conditions and exclusions, and before deciding to apply for or vary insurance cover.

Only the insurance arrangements available from 1 January 2014 are used in this insurance calculator.

Please note:

  • This insurance calculator does not include information about Police Blue Ribbon insurance cover, Ambulance Officers' or Life events insurance cover.
  • You should read the Disclaimer at the top of the insurance calculator for further details, particularly the assumptions and limitations used in the calculations.
  • For information about automatic and additional cover, please refer to the applicable member booklet (Product Disclosure Statement).

Estimates of premiums produced by the insurance calculator are based on insurance arrangements for First State Super as at 1 January 2014 and do not take into account the features of any of First State Super's prior insurance arrangements.

Death and Total and Permanent Disablement cover, Death Only cover and Income Protection cover are provided under policies issued to the Trustee by TAL Life Limited - the Insurer.

Assumptions and limitations of the insurance calculator

The insurance calculator provides an estimate of premiums based on certain assumptions and limitations. If your actual situation differs from these assumptions then the insurance calculator may not provide you with an accurate estimate of premiums.

The assumptions and limitations are:

  • You are aged more than 15 but less than 70 years of age for Death and Total and Permanent Disablement cover or Death Only cover and more than 15 but less than 65 years of age for Income Protection cover.
  • The employer and occupation category you select accurately reflects your situation.
  • The Insurer assesses your evidence of health and personal information and accepts your application for insurance cover and you meet the conditions that apply to the commencement of insurance cover.

The calculator does not incorporate features of:

  • Ambulance Officers' insurance cover
  • Police Blue Ribbon insurance cover
  • Life events insurance cover
  • Insurance cover transferred in from the Public Sector Executive Superannuation Scheme
  • Health Super defined benefit cover
  • Interim accident cover
  • Partial disablement benefit cover.

Total insurance cover, is subject to a maximum:

  • of $5 million for TPD cover,
  • of $50,000 per month including the Superannuation Contributions Benefit (if applicable) for a maximum income protection benefit period of two years or of $40,000 per month including the Superannuation Contributions Benefit (if applicable) for a maximum income protection benefit period of five years or to age 65. Further, the maximum monthly Start up Bonus income protection cover is capped according to your employer's insurance category.
  • Automatic increases in the amount of insured benefit due to length of insured membership, type of TPD suffered or length of time an income protection benefit is paid are NOT reflected in the calculator.
  • Additional Total and Permanent Disablement (TPD) and Income Protection (IP) cover is not available for some occupations including (but not limited to) Police Officers, Paramedics and Hazardous Occupations

The calculator bases the estimates on the legislative environment current at the date or its preparation. This legislative environment, along with your personal circumstances, can change suddenly and the calculator is unable to predict those changes. It is also subject to a limitation that its estimates only take into account the general features of the life insurance products benefit types we have considered when preparing the calculator.

We also think you should consider these important factors when using the calculator:

  • Where you have child dependents and do not provide their expense information in detail, the calculator estimates future expenses using the child support tables sourced from the Australian Government Child Support Agency.
  • The calculator also uses the current income tax brackets (as per the ATO website) and the current superannuation tax rate.
  • The calculator only includes child dependents. You should also consider the need to support any adult dependents where applicable.
  • If you are not working full time, the calculator will not provide coverage for the replacement value of any unpaid domestic duties.

Terms and conditions

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Let's get started on your insurance cover and costs

Personal Details

To start we need to know a few things about you so we can estimate the cost of maintaining your (and your family's) lifestyle if you die or suffer a disability and can no longer work.


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

Entry must be {{$ctrl.maximumDependentAge}} and under

Financial details

If you were to suffer a disability or die, you (or your family) may still have expenses and debts that will need to be paid. You can choose to enter a total figure or work through each question. The more detailed information you provide, the more reliable our guide for your insurance needs will be.

Some assumptions have been made to determine how much insurance you might need. Please ensure you have reviewed these assumptions and alter them specifically for your own circumstances, click here.


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

The summary below is an insurance cover estimate that has been calculated using the information you have provided. It should only be used as a guide and not advice.

To view example calculations, click here

You may need Total and Permanent Disablement (TPD) cover of:

{{$ctrl.calculateTpd() | currency:undefined:'0'}}

TPD insurance can provide financial security for your future if you become totally and permanently disabled and can never work again.

  • TPD cover may provide you with a lump sum payout. This can provide you and your dependants with money to live on. It can also help you pay for medical expenses and aids, or any extra support you might need. Definitions are outlined in the Product Disclosure Statement.
  • To apply for TPD cover you will need to apply for the equivalent amount of Death cover, as TPD cover is only available bundled together with Death cover.

You may need Income Protection (IP) cover of:

{{$ctrl.calculateIp() | currency:undefined:'0'}} per month

Income Protection can provide you with an income if you become disabled or ill and are temporarily or permanently unable to work.

  • IP may give you a monthly income for a period of time to help you get back on your feet. Definition and conditions for benefits and payments are outlined in the Product Disclosure Statement.
  • Based on an income protection replacement ratio of {{ $ctrl.percentageOfIncome}}% of current monthly income.
  • Based on a benefit period of {{ $ctrl.benefitPeriod}} and a waiting period of {{ $ctrl.waitingPeriod}}.
{{$ctrl.updateNeedsIncomeProtectionList()}}

If you suffer from a disability, TPD insurance cover may provide you with a lump sum payout, however, you may incur extra expenses greater than the TPD benefit amount (for example, to allow wheel chair access). You can increase the TPD insurance cover estimate to include these extra disability expenses, by changing the below No button to Yes.

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Explanation of the extra disability calculation

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1300 650 873

Cost of your insurance

The kind of work you do can impact the cost and type of insurance cover. Please confirm the amount of cover you require below. The estimated premium is calculated based on our Insurer's rates. When applying for insurance our Insurer makes a determination based on the information you provide us. The actual premium applicable may be higher or lower depending on your individual circumstances. This is not a quote and should be used as a guide only.

Some assumptions have been made to determine how much insurance you might need. Please ensure you have reviewed these assumptions and alter them specifically for your own circumstances, click here.

Insurance information


  • {{occupationData.description}}
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Death only cover

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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 $10,000,000
Estimated Monthly cost
No Premium {{$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 $5,000,000 or less
Please select an amount of cover between {{0 | currency:'$':'0'}} and {{$ctrl.isDeathCoverAmountExceedingMaxTpdCoverAmount() ? $ctrl.totalDeathCoverAmount : $ctrl.maxTpdCoverAmount | currency:'$':'0'}}
{{$ctrl.tpdGreaterThanDeathError}}
Estimated Monthly cost
No Premium {{$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 $50,000 or less
Please select an amount of cover between $0 and $50,000
{{$ctrl.incomeProtectionWarningThresholdErrorMessage}}
Estimated Monthly cost
No Premium {{$ctrl.incomeProtectionWeeklyPremium | currency}}

Total cost summary

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

Estimated Monthly cost

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

Estimated Monthly cost

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

Estimated Monthly cost

{{$ctrl.basicIncomeProtectionCoverWeeklyPremium | currency}}
Death only cover {{$ctrl.roundNumberToNearest($ctrl.voluntaryDeathCoverAmount, $ctrl.deathAmountInterval) | currency:'$':0}}

Estimated Monthly cost

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

Estimated Monthly cost

{{$ctrl.voluntaryTpdCoverWeeklyPremium | currency}}
Monthly income protection cover {{$ctrl.voluntaryIncomeProtectionCoverAmount | currency:'$':0}}

Estimated Monthly cost

{{$ctrl.voluntaryIncomeProtectionCoverWeeklyPremium | currency}}

This print out is not a quote

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This print out is not a quote

{{$ctrl.unitizedDisclaimer}}

{{$ctrl.baseDisclaimer}}

{{$ctrl.waitingPeriodDisclaimer}}

Estimated Monthly cost
{{$ctrl.calculateTotalWeeklyPremium() | currency}}
{{$ctrl.monthlyPremiumFromAnnualMessage}}

Clear form

Print a copy for yourself

1300 650 873