What is a unit of cover

Death cover and total and permanent disability (TPD) cover comes in units of cover, with the amount of insurance attached to each unit depending on your age.

For example, if each ‘unit’ of death cover was worth $100,000 and you wanted to be covered for $500,000, you would require five units of cover.

You can apply to buy additional units up to our maximum levels of cover.

As mentioned above, units of cover are based on age – that is to say that both the premium and the value of each unit will vary depending on how old you are. See our Accumulation Account Insurance Guide for details

Death cover and TPD cover units start to decrease in value after the age of 40. We know that many members want to keep the same level of cover for an extended period, especially if they have a family to look out for. That’s why up until age 60 you can choose a fixed level of cover for both death and TPD. Fixed cover is charged per $1,000 of cover, and the cost of cover will vary on your age.

Read more about fixed cover in the Accumulation Account Insurance Guide

Units of income protection

If you’re eligible for default income protection cover, your default cover is ‘salary-based cover’.

If you’re not eligible for default income protection cover, or you simply want to change the value of insurance cover you hold, you can apply for unitised income protection cover.

Each unit is worth $500 of cover per month, including a contribution replacement benefit of 12.75 per cent (which is paid to your QSuper Accumulation account). 

Please note this information is a general summary only. Please refer to our Accumulation Account Insurance Guide for further information on terms, conditions and eligibility.