Insurance cover is compulsory to ACSuper members who meet eligibility criteria, through the Fund’s insurer MetLife Insurance Limited.

When you are allocated insurance, you are issued “units” of cover, with each unit worth a dollar amount of coverage.

Insurance Type		Value of each unit of cover
Death (including terminal illness)		$50,000**
TPD (Total and Permanent Disablement)		$50,000
Income Protection		$100 per week OR 85% of your weekly salary, whichever is the lesser*
*Includes 10% contribution to your superannuation account where you have insured up to the maximum 85% of salary.
+TPD and income protection not applicable to those aged 65 and over. **On the 65th birthday, the payout per unit for death only is as follows:
Age	Payout per unit of death cover	For automatic cover (2 units for death cover only)
On the 65th birthday	$40,000	$80,000
On the 66th birthday	$30,000	$60,000
On the 67th birthday	$20,000	$40,000
On the 68th birthday	$10,000	$20,000
On the 69th birthday	$2,500	$5,000
On the 70th birthday	NIL	Insurance cover ceases