Protect your financial future with the right insurance cover
Life doesn't always go to plan. Accidents happen. People get seriously ill.
Insuring your life and your ability to earn a living means that if the worst happens, you and your family have financial protection.
New MTAA Super members are automatically insured for default Death and Total and Permanent Disablement (TPD) cover, subject to eligibility terms and conditions.
Death cover provides a lump sum for your dependants or your legal personal representative.
TPD cover provides you with a lump-sum if you become permanently injured or disabled.
Default insurance cover
Default cover is provided to you automatically when you join, based on your age when you become a member.
Your age next birthday
Default Death cover
Default TPD cover
Cost of cover (per week)
Cover changes as you age
Our default cover increases as you age because typically people take on more financial debt and family responsibilities as they get older.
If you turn 21 while you are a member and you haven’t changed your Death and TPD cover, your default level of Death cover will increase to three units.
If you turn 26 while you are a member and you haven’t changed your Death and TPD cover, your default level of Death cover will increase to six units.
Calculating your default cover
It’s easy to calculate the cost of your default cover. It’s based on our unitised scales for Death and TPD cover, your age and work scale.
For example, Max is a 28 year old office worker. He has 6 units of Death cover and 3 units of TPD. Each unit is $67,750.
Max’s Death cover is 6 x $67,750 = $406,500.
Max’s TPD cover is 3 x $67,750 = $203,250
Flexible cover to suit your needs
While default cover is a good start, it might not be the right for you. One person with a mortgage and a young family might need more cover than someone who is single and doesn’t have anyone depending on them financially. At MTAA Super we give you choices and options so you can vary your insurance cover to match your needs.