Disclaimer

The cost of cover tool is for the Rest Super product and provides an estimate of how much the level and type of cover that you enter may cost, it is based on our insurer’s current premium rates.

The actual amount, type and cost of cover you can be insured for within Rest Super may be subject to underwriting assessment and approval, premium loadings and/or policy exclusions. Before making any financial decisions consider your own financial circumstances, needs and objectives and consider getting professional financial advice about the amount and type of cover that may be right for you.

This tool is designed to be used for Rest Super where insurance cover is not yet held, to get an indication of what a desired level of cover might cost. Whilst it can be used for existing insured Rest Super members the estimated premiums do not take into account any current cover and premiums. This is not a quote and should be used as a guide only.

If you are already a Rest Super member you should instead access the Rest Insurance Online portal through MemberAccess for accurate premium rates based on existing cover and account information.

This tool is not designed to be used by members in Rest Corporate or Acumen. Members in Rest Corporate can access the Rest Insurance Online portal through MemberAccess or review the latest Rest Corporate Insurance Guide.

Members in Acumen should contact Rest, for accurate premium rates.

The tool has been developed by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL), whose copyright is reserved. TAL is the insurer and underwriter for all insurance cover provided through Rest to its members. Rest (Retail Employees Superannuation Pty Limited (ABN 39 001 987 739, AFSL 24 0003, RSE L0000055) makes this tool available on the Rest website.

Let’s get started on understanding how much cover may cost

This tool provides an estimate of how much the level and type of cover that you select might cost. It doesn’t provide an assessment of your insurance needs.

Please note that Internet Explorer 11 and below is not supported by this tool. Please use an alternate browser

Basic details

To start, we need to ask you some basic questions about your age, gender and salary. Your age and gender will be used to calculate cost of cover, and your salary will be used to determine the maximum level of income protection based on it.

If you change any of these personal details then please use the start over option below.


You need to be at least 15.
You need to be no older than 69.
Please enter your current age.
$
Please enter your current salary
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.


Income & expenses
$
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.

You may need Total & 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 usually outlined in the Product Disclosure Statement.
  • Amount for future expense {{$ctrl.calculateFutureExpensesTpd() | currency:undefined:'0'}}
    Plus extra disability expense {{$ctrl.calculateExtraDisabilityTpd() | currency:undefined:'0'}}

    Less Income protection cover -{{$ctrl.calculateLessIncomeProtectionCover() | currency:undefined:'0'}}

You may need Income Protection 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 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 usually outlined in the Product Disclosure Statement.
  • based on {{ $ctrl.percentageOfIncome}}% of current income.
  • Benefit period {{ $ctrl.benefitPeriod}}. Waiting period {{ $ctrl.waitingPeriod}}.
{{$ctrl.updateNeedsIncomeProtectionList()}}

If you were to suffer from a disability, you may incur additional expenses like 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.

$
Explanation of the extra disability calculation

Start over - Use this option If you need to change any of the personal details in the basic details section.

Print a copy for yourself

1300 300 778



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 cover is provided in blocks that are called units, and due to the variable unit values for each age, you may not be able to select the exact amount of cover desired. Please refer to the Rest Super Insurance Guide to understand how unitised cover is provided.

Insurance information


Your occupation category

  • {{occupationData.description}}
$
?
?

Death only 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
Estimated weekly premium
Cover Unavailable
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 $5,000,000 or less
Please select an amount of cover between {{0 | currency:'$':'0'}} and {{$ctrl.isDeathCoverAmountExceedingMaxTpdCoverAmount() ? $ctrl.totalDeathCoverAmount : $ctrl.maxTpdCoverAmount | currency:'$':'0'}}
{{$ctrl.tpdGreaterThanDeathError}}
Estimated weekly premium
Cover Unavailable
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}}
Estimated weekly premium
Cover Unavailable
Less than $0.01 {{$ctrl.incomeProtectionWeeklyPremium | currency}}

Total cost summary

Cover Cover amount Estimated weekly premium
Default death cover (lump sum) Default death cover (lump sum) {{$ctrl.roundNumberToNearest($ctrl.basicDeathCoverAmount,1000) | currency:'$':0}} {{$ctrl.basicDeathCoverAmount | currency:'$':0}} {{$ctrl.basicDeathCoverAmount | currency:'$':0}}

Estimated weekly premium

{{$ctrl.basicDeathCoverWeeklyPremium | currency}}
Default TPD cover (lump sum) Default TPD cover (lump sum) {{$ctrl.roundNumberToNearest($ctrl.basicTpdCoverAmount,1000) | currency:'$':0}} {{$ctrl.basicTpdCoverAmount | currency:'$':0}} {{$ctrl.basicTpdCoverAmount | currency:'$':0}}

Estimated weekly premium

{{$ctrl.basicTpdCoverWeeklyPremium | currency}}
Default income protection cover (monthly) Default income protection cover (monthly) {{$ctrl.roundNumberToNearest($ctrl.basicIncomeProtectionCoverAmount,1000) | currency:'$':0}} {{$ctrl.basicIncomeProtectionCoverAmount | currency:'$':0}} {{$ctrl.basicIncomeProtectionCoverAmount | currency:'$':0}}

Estimated weekly premium

{{$ctrl.basicIncomeProtectionCoverWeeklyPremium | currency}}
Voluntary death cover (lump sum) {{$ctrl.roundNumberToNearest($ctrl.voluntaryDeathCoverAmount, $ctrl.deathAmountInterval) | currency:'$':0}}

Estimated weekly premium

{{$ctrl.voluntaryDeathCoverWeeklyPremium | currency}}
Voluntary TPD cover (lump sum) {{$ctrl.roundNumberToNearest($ctrl.voluntaryTpdCoverAmount,$ctrl.tpdAmountInterval) | currency:'$':0}}

Estimated weekly premium

{{$ctrl.voluntaryTpdCoverWeeklyPremium | currency}}
Voluntary income protection cover (monthly) {{$ctrl.voluntaryIncomeProtectionCoverAmount | currency:'$':0}}

Estimated weekly premium

{{$ctrl.voluntaryIncomeProtectionCoverWeeklyPremium | currency}}

This print out is not a quote

{{$ctrl.waitingPeriodDisclaimer}}

+ Your employer is paying for your base cover

This print out is not a quote

{{$ctrl.unitizedDisclaimer}}

{{$ctrl.baseDisclaimer}}

{{$ctrl.waitingPeriodDisclaimer}}

Estimated weekly premium
{{$ctrl.calculateTotalWeeklyPremium() | currency}}
{{$ctrl.monthlyPremiumFromAnnualMessage}}

Start over - Use this option If you need to change any of the personal details in the basic details section.

Print a copy for yourself

1300 300 778