Insurance cost

Calculate your cover

Use the tools below to calculate the cost of Death, Total Permanent Disability or Income Protection cover.  The cost of your insurance cover will be deducted directly from your super account on a monthly basis in arrears from the date your insurance cover commences. The cost of your cover will alter each year at annual review.

Death and Total and Permanent Disablement (TPD) Cover

 
$
$0
$1.5M
$3M
$
 
$0
$1.5M
$3M

The cost tool above only goes up to a maximum of $3,000,000. If you wish to see the cost of applying for death cover exceeding $3,000,000 please refer to our benefit tables.

Assumptions and limitations

Purpose

This calculator will provide you with an estimate of the cost of Death and Total Permanent Disablement cover. It is not intended to be relied upon for the purpose of choosing an insurance product and is for general information only.

Assumptions and limitations

  • The insurance premiums are based on the rates and rules of MyLife MyInsurance, an insurance product issued by TAL Life Limited (ABN 070050109450, AFSL 237848) as the Insurer on behalf of Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017) and are subject to change.
  • No allowance is made for any required minimum cover.
  • Death cover is unlimited.
  • Maximum TPD cover is $3,000,000.
  • We waive premiums when members are approved for Partial TPD benefits.

Disclaimer

The assumptions utilised by this calculator we believe are reasonable. However to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon the results obtained using this calculator. Any person intending to act or rely on the results of the calculator should seek independent advice before acting on it. We would recommend that you consult with your financial planner before making any decision.

Any advice provided under this calculator is provided by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Advice provided under this calculator has not taken into account your personal objectives, financial situation or needs. Accordingly you should consider those objectives, financial situation and needs before acting on the advice.

Income Protection Cover

Step 1. Some information about you

$

Step 2. Annual cover and premiums

Use the slider below to choose your amount of annual income protection cover. Your premium is worked out by selecting a claim waiting period of 30 or 60 days, then how long you want the benefits to be paid out until.

0%
 
85%

Annual pro rata cover is 85% of your income.
(Currently set at $68,000, this varies depending on your salary)

30 days waiting period to receive claim

Benefit payment
Up to 2 years
Up to 5 years
Up to age 65
Up to age 70
Annual premium options

60 days waiting period to receive claim

Benefit payment
Up to 2 years
Up to 5 years
Up to age 65
Up to age 70
Annual premium options

Assumptions and limitations

Purpose

This calculator will provide you with an estimate of the cost of Income Protection cover. It is not intended to be relied upon for the purpose of choosing an insurance product and is for general information only.

Assumptions and limitations

  • The insurance premiums are based on the rates and rules of MyLife MyInsurance, an insurance product issued by TAL Life Limited (ABN 070050109450, AFSL 237848) as the Insurer on behalf of Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017) and are subject to change.
  • No allowance is made for any required minimum cover.
  • The cover is determined by the percentage and salary that is entered.
  • Has a maximum of 85% of salary with an overall maximum benefit of $30,000 per month.

Disclaimer

The assumptions utilised by this calculator we believe are reasonable. However to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon the results obtained using this calculator.

Any person intending to act or rely on the results of the calculator should seek independent advice before acting on it. We would recommend that you consult with your financial planner before making any decision.

Any advice provided under this calculator is provided by Togethr Trustees Pty Ltd (ABN 64 006 964 049; AFSL 246383) ('Trustee') the trustee of the Equipsuper Superannuation Fund (ABN 33 813 823 017). Advice provided under this calculator has not taken into account your personal objectives, financial situation or needs. Accordingly you should consider those objectives, financial situation and needs before acting on the advice.

Get started

If you are unsure how much insurance cover you need, speak to a financial planner for an initial discussion, free of charge.

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