Build Your Own Cover

Our Build Your Own Cover option lets you increase cover to suit your circumstances. You can apply to increase your Death Only, Death & Total & Permanent Disablement (TPD), or Income Protection cover.

Additional Death Only and Death & TPD Cover is calculated on a different scale to Basic Cover (which is calculated in units and uses the Standard Benefit Scale). Build Your Own Cover allows you to apply for a fixed level of cover, purchased in multiples of $1,000. All your Death and TPD cover then becomes fixed.  You cannot have a combination of units and fixed cover.

You can apply for up to $5 million of Death cover and $2.5 million of TPD cover. 

Please refer to the Build Your Own Cover Scale for the annual cost of Death only or Death & TPD cover per $1,000 of cover.

The cost of your cover will depend on your age as well as the amount of the benefit and will alter on your birthday each year. For example, if you are aged 46 (ie 47 next birthday) and wish to apply for $100,000 of Death and TPD cover, the annual cost will be $173.

Under the Build Your Own Cover option your level of Death Only cover will remain the same regardless of your age. However, the cost of your cover will alter according to your age until it ceases at age 70.

If you apply for additional Death and TPD cover under the Build Your Own Cover option, the TPD portion of your cover will remain the same regardless of your age until it ceases at age 65.

If you wish to apply for additional cover under the Build Your Own Cover option, you will have to complete the Application for Insurance Cover. Your cover will not commence until our Insurer accepts your application and acceptance has been confirmed in writing to you by the Fund.

More Information

More information about the Insurance options available can be found in the Product Disclosure Statement or you can contact the Fund Office.