Spouse members may apply for Death and Total and Permanent Disablement (TPD) insurance cover.

To be eligible for insurance cover, a spouse member must:

  • Be under age 60, and
  • Apply for cover, providing all the requested health information

You will not be covered until your health information has been assessed and we have approved your cover.

Death and TPD Cover

 

Death and TPD cover is offered on a unit basis with a sum insured for each unit of cover. The level of cover offered per unit depends on your age next birthday.

Age Next Birthday Sum Insured Per Unit Age Next Birthday Sum Insured Per Unit
16 $100,00 39 $56,500
17 $100,00 40 $51,000
18 $100,00 41 $46,500
19 $100,00 42 $42,000
20 $100,00 43 $38,500
21 $100,00 44 $35,000
22 $100,00 45 $32,000
23 $100,00 46 $29,000
24 $100,00 47 $26,500
25 $100,00 48 $24,000
26 $100,00 49 $22,000
27 $100,00 50 $20,000
28 $100,00 51 $18,000
29 $100,00 52 $16,000
30 $100,00 53 $14,500
31 $100,00 54 $13,000
32 $100,00 55 $11,500
33 $99,000 56 $10,500
34 $91,500 57 $9,500
35 $83,500 58 $8,000
36 $76,000 59 $7,500
37 $69,000 60 $6,500
38 $62,500

Cost of Death and TPD cover

 

The cost of Death and TPD cover is $1.45 per week per unit, deducted on a monthly basis from your ElectricSuper account.

For example, Cath is a spouse member turning 40 next birthday. She has applied for, and been approved for, 3 units of cover. This will give her $153,000 of cover for a cost of $4.35 a week.

Next year Cath will be turning 41 on her next birthday. Her cover will change to $46,000 per unit, giving her a total of $139,500 of cover for the cost of $4.35 a week.

If your ElectricSuper account balance falls below $1,000 we will contact you to advise that insurance cover will cease when your balance is insufficient to cover the insurance premiums.

To apply for cover

 

Complete and return the Adjusting Your Insurance Cover (Retained and Spouse) form.

We will be in contact with you to ask for any additional health information we need to consider the application.

Variations to amount of cover

 

Complete and return the Adjusting Your Insurance Cover (Retained and Spouse) form. We will be in contact with you to ask for any additional health information we need to consider the application.

Please note that any request for an increase in cover (or any request for reinstatement of cover once cancelled) will be subject to an assessment of your health information. You will not receive any extra cover until your health evidence is assessed and your application approved.

More information about Death Cover and TPD Cover

 

Depending on the health information you provide, exclusions or limitations may be placed on the new amount of insurance. We will write to you to let you know when your insurance is accepted and any limitations that apply.

If you die (or are diagnosed with a terminal illness) while a member of Division 5, a benefit may be payable of:

  1. Your account balance, and
  2. Any insurance benefit (to age 60)

If you are eligible for a total and permanent invalidity benefit, you may receive a benefit of:

  1. Your account balance, and
  2. Any insurance benefit

You can nominate which of your dependants you wish to receive your benefit in the event of your death by completing a Binding Death Benefit nomination form. You can find more information about this on the Beneficiaries page.

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