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Information for AustralianSuper Select Members

If your insurance is paid for by  your employer, online application are not available at this time. Please use the forms here www.australiansuper.com/select to make any changes to your cover.

 

Disclaimer
 

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This Insurance calculator is provided by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, the Trustee of AustralianSuper ABN 65 714 394 898. The calculator provides illustrative calculations based on stated assumptions only and is provided in good faith. It has been based on current laws and their interpretation as at April 2010.
 
The information resulting from the calculations should not be relied upon as a true representation of any actual superannuation entitlements or benefits from any particular scheme or relied on as a basis upon which to alter your insurance or financial arrangements without advice from a professional.
 
This information is not a substitute for professional advice from a qualified financial adviser.
 
AustralianSuper does not 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. Under no circumstances will AustralianSuper be liable for any loss or damage caused by a user’s reliance on information obtained using this calculator.
 
This information has been prepared without taking into account your particular financial needs, circumstances and objectives and is therefore not suitable to be acted upon as investment or financial advice. You should assess your own financial affairs and consult a financial adviser before you make any changes to your financial affairs.
 
Increasing your Death, Total & Permanent Disablement (TPD) and Income Protection insurance premiums will reduce your retirement account balance.
 
Calculations are meant to be estimates only and are not intended to be kept or used for any practical purpose.
 
Before applying for any additional Death, TPD or Income Protection cover, you should always check the total weekly cost of that cover. If your application for additional cover is accepted you must ensure you maintain sufficient funds in your superannuation account to pay for the ongoing premiums.
 
Assumptions

 

This calculator is designed to help you determine the level and type of insurance cover that you may need.  It does not set out the premiums that you may have to pay for this cover.  If you are a member of an AustralianSuper Corporate plan, you should refer to your Product Disclosure Statement (PDS) for information about your premiums.  Some AustralianSuper Tailored Solutions plans may not provide TPD or income protection cover or may not offer additional voluntary Death, TPD or income protection cover.  Your PDS will also give you details of the type of cover you may have.

 

·         The levels of cover for Death, TPD and Income Protection in this calculator are based on those available in AustralianSuper's Corporate division. Please note

          that different levels of cover may apply if you are a member of an AustralianSuper Industry or Personal division or a super fund other than AustralianSuper.
·         You should review your Death, TPD and Income Protection benefits each year to ensure you have adequate cover.
·         Your superannuation account balance will generally increase over time and this should be taken into consideration.
·         Death, TPD and Income Protection cover cease at age 65.
·         The levels of cover and premiums for Death, TPD and Income Protection insurance may be subject to change from time to time.
 

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