Insurance Options - Pre 12-01-09

Insurance for members who were insured members prior to 12 January 2009

The following information applies if you were an insured member of Australian Enterprise Super prior to 12 January 2009. If that does not apply to you, your rates and cover may be different. Further details are available on this website, or contact us for details.

As an Australian Enterprise Super member, you may be entitled to insurance cover to protect you and your family if illness or injury prevents you from working or in the event that you die. The insurance cover available includes:

if eligible, TPD insurance provides you with insurance cover in case illness or injury prevents you from working or in the event that you die
income protection can provide you with an income over the short term if injury or illness means you are temporarily unable to work.

Death and Total and Permanent Disablement (TPD) cover

Australian Enterprise Super offers insurance against TPD at highly competitive insurance premium rates. For further information please contact us.

If you were an Insured Member on 12 January 2009, the amount of cover you might receive in the event of death or total and permanent disablement depends on your age. To calculate your premium and level of cover, simply refer to the tables below.

Cost of cover
Age next Birthday	Cost per unit per week
15 - 48	$1.20
49 - 55	$2
56 - 58	$3
59 - 70	$4

Cover table based on age
Age Next Birthday	Cover	Age Next Birthday	Cover
19	$120,748	45	$48,189
20	$120,748	46	$42,280
21	$120,748	47	$38,588
22	$120,748	48	$35,080
23	$120,748	49	$62,774
24	$120,748	50	$55,390
25	$120,748	51	$48,374
26	$120,748	52	$43,572
27	$120,748	53	$38,772
28	$120,748	54	$33,972
29	$120,748	55	$28,802
30	$120,748	56	$36,003
31	$120,748	57	$32,679
32	$120,748	58	$28,803
33	$120,748	59	$33,972
33	$120,748	60	$28,804
34	$120,748	61	$24,000 (Death Only)
35	$120,748	62	$23,800 (Death Only)
36	$120,748	63	$23,800 (Death Only)
37	$110,963	64	$23,800 (Death Only)
38	$101,362	65	$23,800 (Death Only)
39	$91,761	66	$20,000 (Death Only)
40	$81,976	67	$20,000 (Death Only)
41	$72,375	68	$20,000 (Death Only)
42	$66,282	69	$20,000 (Death Only)
43	$60,374	70	$20,000 (Death Only)
44	$54,281

Additional cover

If you decide the amount of Death and TPD cover offered is not sufficient cover, you can apply for the insurance offered to new members. You can choose to apply for the amount of cover that suits you, subject to providing satisfactory evidence of your health.

Please contact us for further information about this process.

Income Protection

Income Protection (IP) insurance is available if you are employed either full-time, or part-time for more than 15 hours per week. The insurance is not available to casual employees.

IP provides you with an income for up to two years if you are unable to work due to total but temporary illness or injury. Benefits can be purchased to cover up to 85% of pre-disability income (75% payable to the member and 10% paid as a superannuation contribution), to a maximum benefit of $25,000 per month.

A waiting period of 30 days applies between the event and receipt of payments. If the insurer admits your claim, benefits commence being paid fortnightly in arrears at the end of this period.

Full details are contained in the Product Disclosure Statement which can be downloaded from this website.

Cost of cover

The table below details the cost of Australian Enterprise Super's Income Protection cover.

Waiting Period:	30 Days	30 Days
Payment Period:	2 Years	2 Years
Age Next Birthday	First $1,000 of monthly cover	Each extra $250 of monthly cover
To 30	$4.528	$1.131
31 - 40	$6.092	$1.525
41 - 45	$9.104	$2.275
46 - 50	$12.145	$3.037
51 - 55	$16.968	$4.242
55 - 60	$23.987	$5.997
61 - 65	$25.842	$6.461

The premium depends on your age and the amount of cover selected

How to apply

To apply for Income Protection, complete an Income Protection Application Form available from this website, or contact us to have a copy sent to you.

You will also need to complete a Personal Statement (PDF9) if you are applying for cover in excess of $6,000 per month, or if you answered ‘Yes' to any of the questions on the Income Protection Application Form.

Questions?

If you have questions, please contact us. We're here to help from 8.00am to 10.00pm AEST on weekdays, or you might even like to meet with a Member Services Consultant to get all the answers at once.

Insurance (pre-12/01/09)