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Death and TPD |
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Death and Total & Permanent Disability (TPD) Insurance Cover provides you with an insured benefit payable to either you if you become totally and permanently disabled, or to your dependents or legal representative(s) in the event of your death. This is on top of your super account balance. How many units can you apply for? Permanent employees can apply for cover up to a maximum of $2 million of cover. Members who work on a casual basis can apply for up to three units of cover. How much does it cost? Each unit of Death and TPD Insurance Cover, under either scale, costs $1 per week and is deducted weekly from your account. TPD Insurance Cover is not available if you have previously received a TPD benefit from any source. In this case, you may apply for a Death Only Cover at a cost of 50c per unit per week. What scale applies to you? The management/clerical scale is available if you: - are employed for at least 15 hours per week on an ongoing basis, and
- undertake occupational duties within an office or similar environment, and
- are employed in the following occupations:
- management
- clerical
- marketing
- accounting
- administration, or
- other similar low-risk occupations agreed to in writing by the Insurer.
All other occupations are subject to the standard scale. Death and TPD benefits If you are covered for this benefit, in the event of you becoming totally and permanently disabled (or your death), you (or your beneficiaries/legal personal representative) will receive your superannuation account balance as well as your insured benefit (as described in the table below) as a lump sum payment. The amount of your benefit is determined by the number of units held and your age at the time you became eligible for a benefit. Refer to the table below to determine the number of units you wish to apply for (if any). Death & TPD benefits as at 1 October 2008 1 unit of Death and TPD Cover = $1 per week. 1 unit of Death Only Cover = 50c per week.
| Age next birthday |
Standard - 1 unit |
Management/ Clerical scale - 1 unit |
| Up to 30 |
$74,401 |
$121,969 |
| 31 |
$74,401 |
$120,749 |
| 32 |
$74,401 |
$119,529 |
| 33 |
$74,401 |
$118,310 |
| 34 |
$74,401 |
$117,090 |
| 35 |
$74,401 |
$115,870 |
| 36 |
$74,401 |
$114,651 |
| 37 |
$74,401 |
$114,041 |
| 38 |
$74,401 |
$113,431 |
| 39 |
$74,401 |
$112,821 |
| 40 |
$74,401 |
$111,601 |
| 41 |
$69,579 |
$104,369 |
| 42 |
$62,124 |
$93,186 |
| 43 |
$53,427 |
$80,140 |
| 44 |
$45,972 |
$68,958 |
| 45 |
$37,275 |
$55,912 |
| 46 |
$31,632 |
$47,448 |
| 47 |
$27,836 |
$41,754 |
| 48 |
$24,040 |
$36,061 |
| 49 |
$21,510 |
$32,265 |
| 50 |
$17,714 |
$26,571 |
| 51 |
$16,745 |
$25,118 |
| 52 |
$15,457 |
$23,185 |
| 53 |
$14,169 |
$21,253 |
| 54 |
$11,593 |
$17,389 |
| 55 |
$10,305 |
$15,457 |
| 56 |
$9,176 |
$13,764 |
| 57 |
$7,865 |
$11,798 |
| 58 |
$6,554 |
$10,487 |
| 59 |
$5,899 |
$9,832 |
| 60 |
$5,244 |
$8,521 |
| 61 |
$4,668 |
$8,002 |
| 62 |
$4,401 |
$7,335 |
| 63 |
$4,001 |
$6,668 |
| 64 |
$3,734 |
$6,002 |
| 65 |
$3,334 |
$5,335 |
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