You can buy any number of units up to the maximum for your income and an overall limit 250 units. This table shows examples only of what cover is provided for various units:
Salary up to
Benefit/Mth
Benefit/Yr
10 Units
$15,329
$1,000
$12,000
30 Units*
$43,765*
$3,000*
$36,000*
50 Units
$72,000
$5,000
$60,000
70 Units
$100,235
$7,000
$84,000
SAMPLE PREMIUMS
The premiums payable for 1 unit of cover purchased, depending on occupation type, per year:
Male low-risk occupation
Female low-risk
Wait:
30days
60days
90days*
30days
60days
90days*
16-18yo
$2.97
$1.53
$0.98
$3.30
$1.68
$1.07
25yo
$3.18
$1.66
$0.99
$3.59
$1.85
$1.16
35yo*
$4.68
$2.45
$1.25
$6.11
$3.15
$1.67
45yo
$8.85
$4.84
$3.04
$11.29
$6.12
$4.14
55yo
$18.98
$11.26
$9.44
$20.81
$12.07
$10.13
Male high-risk occupation
Female high-risk
16-18yo
$8.20
$4.22
$2.70
$9.11
$4.64
$2.95
25yo
$8.78
$4.58
$2.73
$9.91
$5.11
$3.20
35yo*
$12.92
$6.76
$3.45*
$16.86
$8.69
$4.61
45yo
$23.28
$13.36
$8.39
$31.16
$16.89
$11.43
55yo
$48.18
$31.08
$23.94
$57.44
$33.31
$27.96
Full details of this insurance are set out in the Product Disclosure Statement. Before deciding to buy or vary your cover you should read those details carefully.
See ourMember Guide (Product Disclosure Statement
Effective 1 July 2008)
*Example
A 35yo male working in a high-risk occupation holds 30 units of salary continuance cover. He has chosen to wait 90 days after a claim for his benefits to start. His benefit will then be $3,000 monthly ($36,000 per year) .
The premium for this cover is 30 units x $3.45 per unit per year = $103.45 ($8.63 per month)
