Member Information
Insurance for members
Accountants Super offers members the opportunity to apply for optional insurance benefits as follows.
Death and total and permanent disablement insurance
Accountants Super offers insurance against death and total and permanent disablement at highly competitive insurance premium rates. The amount of cover is determined by the number of units purchased by the member and the value of each unit of insurance is determined by the age of the member.
The premium for death and total and permanent disablement insurance is:
- $0.60c per unit of insurance per week for members who spend 90% of their working hours in an office environment and do not undertake manual labour; or
- $1.15 per unit of insurance per week for all other members.
Members may apply to purchase insurance cover to a maximum insured benefit of $2 million subject to the completion of appropriate medical and financial evidence (where appropriate) and acceptance of cover by the Insurer.
The value of one unit of death and total and permanent disablement insurance is shown in the following table for each age:
| Age Last Birthday | Value of 1 unit |
Age Last Birthday | Value of 1 unit |
| To 35 | $54,000 | 50 | $27,000 |
| 36 | $52,200 | 51 | $25,200 |
| 37 | $50,400 | 52 | $23,400 |
| 38 | $48,600 | 53 | $21,600 |
| 39 | $46,800 | 54 | $19,800 |
| 40 | $45,000 | 55 | $18,000 |
| 41 | $43,200 | 56 | $16,200 |
| 42 | $41,400 | 57 | $14,400 |
| 43 | $39,600 | 58 | $12,600 |
| 44 | $37,800 | 59 | $10,800 |
| 45 | $36,000 | 60 | $9,000 |
| 46 | $34,200 | 61 | $7,200 |
| 47 | $32,400 | 62 | $5,400 |
| 48 | $30,600 | 63 | $3,600 |
| 49 | $28,800 | 64 | $1,800 |
|
|
65 and over | $0 | |
| Full details are contained in the Information Guide for Members and further information can be obtained by phoning 1300 651 331. | |||
Salarysafe - Salary Continuance insurance
Salarysafe is an income replacement or salary continuance policy payable in the event of total and temporary disablement. Benefits can be purchased to cover up to 75% of pre-disability income, to a maximum benefit of $10,000 per month.
Salarysafe insurance is available to all members who are employed either full-time, or part-time for more than 15 hours per week. The insurance is not available to casual employees. Full details are contained in the Information Guide for Members which can be downloaded from this website. For further information please contact us by calling 1300 651 331.