Income Protection Insurance
Cover Table
If your pay is this much per: |
You can insure up to 75% of it, which is this much per month: |
To cover that amount you need this many units of insurance: |
Manual Worker cost (per week) |
Office Worker |
|
Year |
Month |
||||
up to $32,000 |
up to $2,667 |
$2,000 |
4 |
$3.00 |
$2.12 |
$40,000 |
$3,333 |
$2,500 |
5 |
$3.75 |
$2.65 |
$48,000 |
$4,000 |
$3,000 |
6 |
$4.50 |
$3.18 |
$56,000 |
$4,667 |
$3,500 |
7 |
$5.25 |
$3.71 |
$64,000 |
$5,333 |
$4,000 |
8 |
$6.00 |
$4.24 |
$72,000 |
$6,000 |
$4,500 |
9 |
$6.75 |
$4.77 |
$80,000 |
$6,667 |
$5,000 |
10 |
$7.50 |
$5.30 |
$88,000 |
$7,333 |
$5,500 |
11 |
$8.25 |
$5.83 |
$96,000 |
$8,000 |
$6,000 |
12 |
$9.00 |
$6.36 |
$104,000 |
$8,667 |
$6,500 |
13 |
$9.75 |
$6.89 |
Each unit of cover has a benefit value of $500. Members can apply for up to 50 units of cover without medical questions provided they do so within 60 days of receiving their Welcome Letter from us. Members wishing to apply for between 51-100 units may do so but will be required to complete a medical questionnaire. In any event, cover is limited to a maximum of 75% of pre-sickness/injury income. See the Product Disclosure Statement for a complete table of cover.