1. Death and TPD cover

Death and Total & Permanent Disability (TPD) cover

Life doesn't always go to plan. Death and TPD cover can offer you and your loved ones financial protection if something goes wrong.

Death cover provides your dependants or legal personal representative a lump-sum payment when you die.

TPD cover provides you with a lump-sum payment if you become seriously disabled and are unable to ever work again.

Default cover

When you join MTAA Super, you automatically receive default Death and Total and Permanent Disability (TPD) cover when you are aged 25 or over and have at least $6,000 in your account, subject to eligibility.  The default cover you receive is based on your age and is subject to terms and conditions. 

You may be able to start your default cover earlier by choosing at any time to opt-in to default cover. Conditions apply and are detailed in the Insurance Guide. 


The amount of cover you receive is based on your age when you become a member. This is outlined in the table below.

Default cover amount and cost
 Your age next birthday   Default Death cover   Default TPD cover  Cost of cover (per week)
 16-21 1 unit 3 units

$2.39
 22-26 3 units 3 units $3.87
 27-55 6 units  3 units $9.06
 56-70 6 units 3 units   $7.47
You should consider if this cover is appropriate for you as fees will be deducted and will affect your retirement benefit.

Flexible cover options 

Everyone’s cover needs are different. You’re not locked into our default Death and TPD cover. Our insurance options are flexible to suit your work and lifestyle.  
 
Key Death and TPD cover features
  • Apply for Death cover up to $5 million
  • Apply for TPD cover up to $3 million
  • Apply for Income Protection cover up to $25,000 per month
  • Eligible new members can apply to increase Death and TPD cover without the need to provide health evidence
  • Eligible members can apply to increase existing Death and TPD cover without providing health evidence when certain life events occur, such as marriage, divorce, having a child and buying a home
  • Choose between unitised or fixed Death and TPD cover (for details see our Insurance Guide)
  • Adjust your cover based on the type of work you do — General, Non-manual, or Professional (see works scales in our Insurance Guide)
  • If you are diagnosed with a terminal medical condition you may be paid the higher of any Death or TPD cover in place at the date of diagnosis.

 

Insurance guides and fact sheets

Understanding your insurance is an important part of getting the most out of your super. 

Insurance cover is provided under the terms and conditions of the Member Product Disclosure Statement and Insurance Guide. An overview of this information is also provided in the Your Insurance with MTAA Super  fact sheet.  
 
You should read these documents before making any decisions about your insurance.

Document   Description 
 Your Insurance with MTAA Super (Fact Sheet)  An overview of your insurance options.
 Insurance Guide  Full details about your insurance options including eligibility, fees, conditions, and exclusions.
 Member Product Disclosure Statement   Summary of significant information you need to make a decision about MTAA Super. 
If you are unsure about any of the information in these documents, we recommend you seek financial advice.   
 

How to change your cover 

You can cancel, decrease, fix, or apply for additional insurance cover any time. The choice is yours.  Learn more
 

How much cover do I need?

Having the right type and amount of cover is vital to ensure you and your loved ones have financial protection if something goes wrong. Learn more 
 

Let us know where you want your money to go

By nominating a beneficiary for your super, you can make sure your money goes to the right place when you die. Learn more
 
 

Related information

 
 

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