Before we begin

Please take time to read the important information below. Applications for insurance cover may be subject to assessment and approval by our insurer.

Accumulation 2 members

Accumulation 2 members must go to the ‘Assumptions’ section of the ‘Financial details’ page of the calculator and change:

  • The superannuation contribution rate shown in the “Superannuation (Death/TPD)” assumption from 10% to either 14% or 17%. If you don't know the rate that applies to you, check your statement or call us on 1800 331 685.
  • The benefit payment period shown in the “Income Protection benefit period” assumption from 2 years to 5 years—or to whatever your existing Income Protection benefit period is.

If you’re an Accumulation 2 member and you don’t change the above assumptions, the estimates provided by the calculator may not be reasonable for your circumstances.

Purpose

There are many types of life insurance benefits available in the market and no product is identical to another. The Trustee doesn’t 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 provide you with an estimate of your current life insurance, total and permanent disablement (TPD) and income protection needs. The cover estimated by the calculator doesn’t take into account any existing cover you might have, whether held outside or inside superannuation.

It’s important you evaluate the appropriateness of insurance to your financial circumstances. You should consider the cost of cover over time as this may impact the amount of money you end up with in retirement. Large or multiple amounts of insurance cover may erode 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.

The type and amount of cover estimated by the calculator is not a recommendation or an opinion about appropriateness of the cover and is not intended to be an exact figure. It doesn’t take your financial needs into account and is purely based on the information you enter and the assumptions. You shouldn’t rely on the results of the calculator when making decisions about your insurance cover. We recommend you consider obtaining advice from a qualified financial adviser before making any decisions about your insurance, the need for any other types of insurance or for any replacement of insurance.

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

How it works

The calculator works by estimating amounts based on a combination of factors entered by you, and a number of assumptions. Key assumptions, such as the costs associated with living, can change.

The factors to be entered by you include information about your assets, liabilities and income. There are some assumptions you can’t change (these are matters fixed by legislation) and some assumptions you can change (such as the rate of inflation you think might be relevant to you)—these are all identified in the calculator. Where you don’t vary the assumptions, the calculator will use the default assumptions.

The factors you can enter and the assumptions selected have both been chosen based on a reasonable appraisal of circumstances commonly taken into account when people consider the protection life insurance can provide. The default assumptions are based on a combination of government legislature, regulatory guidance and reputable surveys and studies.

Conditions and limitations

The estimated outcome produced by the calculator is intended to be illustrative only, and is based on the assumptions and limitations set out. The outcome is also limited by the accuracy of the data you enter into the calculator.

The calculator doesn’t make any assumptions about you or your circumstances. Before making any financial decisions consider your own financial circumstances, needs and objectives and consider obtaining financial advice.

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

About this calculator

This calculator has been designed for use by UniSuper Defined Benefit Division, Accumulation 1, Accumulation 2 and Personal Account members who are eligible to receive Death and Total & Permanent Disablement (TPD) cover, and Income Protection (IP) cover where applicable, through group insurance policies the Trustee has taken out with TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL).It has been made available by UniSuper Management Pty Ltd ABN 91 006 961 799, AFS Licence No. 235907 on behalf of UniSuper Limited ABN 54 006 027 121 (Trustee), the Trustee of UniSuper ABN 91 385 943 850 (Fund). It has been developed by TAL, 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 at the date of its preparation and don’t take into account any proposed legislative changes.

TAL is the insurer and underwriter for all external insurance cover provided through the Fund. As such, the insurance estimated by the calculator is provided as a guide only and doesn’t constitute a quote or guarantee that the cover will be available to you. The estimated cover may be subject to underwriting assessment and approval by the Trustee and TAL. Premium loadings and/or policy exclusions may also apply.

In using this calculator, you’ll enter certain personal and financial information. TAL doesn’t collect that information and won’t make it available to a TAL representative that you may subsequently speak to regarding the calculator’s estimate or an application. As such, you may be required to provide the same information at a later stage, especially if you’re applying for underwritten insurance cover.

General advice warning

The information presented in this calculator contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), available at unisuper.com.au. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS.

Neither the Trustee nor TAL 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 the Trustee or TAL be liable for any loss or damage caused by a user’s reliance on information obtained using this calculator.

Let's get started

This calculator uses your information to estimate the costs of maintaining you (and your family’s) lifestyle if something happens to you.

Personal details


Your age must be between 14 and 74.
Your age must be between 14 and 74.
Please enter your current age.
$
Please enter a valid salary, you salary must be bigger than 0
Max value is 99,999,999
Please enter a valid salary, you salary must be bigger than 0

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

Financial details

You can enter a total figure below or provide an answer for each question. The more detailed information you provide, the more reliable the calculation of 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 does not take into account any existing cover you may have through UniSuper, and should only be used as a guide and is not personal advice. If you require personal advice please contact UniSuper to make an appointment to speak to a qualified financial adviser.


If you were to suffer from a disability, additional expenses may be incurred (such as changing your home to allow wheel chair access). Below is an estimate of the average additional expense you may suffer. The amount you need may change depending on the type of disability, if you choose, you are able to alter this figure.

Start over

Print or download a copy

1800 331 685



Cost of your insurance

The kind of work you do can impact the cost and type of your insurance cover. By entering information about the sector in which you work or the type of work you do 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


Please select ‘Yes’ if you’re a UniSuper member who has joined us via the higher education or research sector

Occupation ratings help to set your premiums

Choose the option that best matches the duties of your usual occupation

Professional / Office work
  • Professional (your work requires a university qualification), administrative, managerial or clerical roles
  • No regular manual work
  • Your work doesn’t fall into the “Special risk” classification (see below)

Example occupations: Professor/Lecturer, Lawyer/Solicitor, Administrator, Medical doctor, Book-keeper, IT Systems Operator, Classroom Teacher


Light manual
  • Regular light manual work (light weight lifting, carrying or stocking only)
  • No regular use of heavy machinery or heavy equipment

Example occupations: Chef, Electrician, Field Surveyor, Florist, Retail, Nurse, Physical Education Teacher, Plumber


Heavy manual
  • Involves the regular use of heavy machinery or heavy equipment
  • Manual labour, such as regularly bending, lifting or carrying heavy loads
  • Driving a motor vehicle for most of the day over short distances

Example occupations: Labourer, Bricklayer, Cleaner, Short distance courier/Driver, Farmer, Gardener/Landscaper, Tailor, Waiter/Waitress


Special risk
  • Duties are hazardous (risky or dangerous)
  • Hazardous locations or working environments such as long distance driving, working at heights, underground, at sea, underwater or in an aircraft
  • Work in industries that rapidly change or are unpredictable, for example professional sportspeople, entertainers, creative artists and media personalities

Example occupations: Crane operator, Diver, Shipyard Worker, Long Distance Bus/Truck Driver, Pilot, Actress, Model, Professional Sportsperson, Radio/TV Presenter, Underground/Offshore Miner, Social Media personality


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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
Estimated Weekly Premium
Cover Unavailable
Less than $0.01 {{$ctrl.totalDeathCoverWeeklyPremium | currency}}

Total & Permanent Disablement (TPD) 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}}
Estimated Weekly Premium
Cover Unavailable
Less than $0.01 {{$ctrl.totalTpdCoverWeeklyPremium | currency}}

Income Protection (IP) 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}} Cover Unavailable

Total cost summary

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

Estimated Weekly Premium

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

Estimated Weekly Premium

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

Estimated Weekly Premium

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

Estimated Weekly Premium

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

Estimated Weekly Premium

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

Estimated Weekly Premium

{{$ctrl.voluntaryIncomeProtectionCoverWeeklyPremium | currency}}

This print out is not a quote

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This print out is not a quote

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Estimated Weekly Premium
{{$ctrl.calculateTotalWeeklyPremium() | currency}}
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Start over

Print or download a copy

1800 331 685