Basic death insurance cover has doubled for Accumulation Plus and Accumulation Basic members.

Basic death cover is a default death cover provided to members of Accumulation Plus and Accumulation Basic who are working for a Full Participating Employer or Participating Employer (who are paying an insurance levy to the Fund on your behalf).

From 1 October 2010, there is a significant improvement to level of the basic death insurance cover .

In summary:

• Accumulation Plus members will have their default death cover doubled

  If you have cover prior to 1 October 2010, your Death cover will be automatically updated to the new scales (shown in the table below). Note that the TPD cover remains unchanged. Click here to view the Death and TPD benefit scales for Accumulation Plus members

  Death and TPD benefit scales – default cover for Accumulation Plus members
  Age Last Birthday	Basic Death cover provided at no cost to the member (this is the new cover amount from 1 October)	Basic TPD cover provided at no cost to the member (this cover remains unchanged)
  16-30	$246,000	$123,000
  31	$235,000	$117,600
  32	$224,400	$112,200
  33	$213,600	$106,800
  34	$204,600	$102,300
  35	$198,600	$99,300
  36	$192,600	$96,300
  37	$185,400	$92,700
  38	$175,800	$87,900
  39	$163,200	$81,600
  40	$150,600	$75,300
  41	$138,000	$69,000
  42	$125,400	$62,700
  43	$112,800	$56,400
  44	$101,400	$50,700
  45	$90,600	$45,300
  46	$81,600	$40,800
  47	$72,600	$36,300
  48	$64,200	$32,100
  49	$57,000	$28,500
  50	$50,400	$25,200
  51	$44,400	$22,200
  52	$39,000	$19,500
  53	$34,200	$17,100
  54	$30,600	$15,300
  55	$27,000	$13,500
  56	$24,600	$12,300
  57	$22,200	$11,100
  58	$20,400	$10,200
  59	$18,600	$9,300
  60	$16,800	$8,400
  61	$15,000	$7,500
  62	$13,800	$6,900
  63	$12,600	$6,300
  64	$12,000	$6,000
  65 & over		Nil

• Accumulation Basic members will have their default death cover doubled from 1 October 2010.

  Click here to view the default Death benefit scales for Accumulation Basic members

  Death benefit scales – default cover for Accumulation Basic members
  Age Last Birthday	Basic Death (this is the new cover amount from 1 October)
  16 to 30	$246,000
  31	$235,000
  32	$224,400
  33	$213,600
  34	$204,600
  35	$198,600
  36	$192,600
  37	$185,400
  38	$175,800
  39	$163,200
  40	$150,600
  41	$138,000
  42	$125,400
  43	$112,800
  44	$101,400
  45	$90,600
  46	$81,600
  47	$72,600
  48	$64,200
  49	$57,000
  50	$50,400
  51	$44,400
  52	$39,000
  53	$34,200
  54	$30,600
  55	$27,000
  56	$24,600
  57	$22,200
  58	$20,400
  59	$18,600
  60	$16,800
  61	$15,000
  62	$13,800
  63	$12,600
  64	$12,000
  65 & over	NIL

For more information, Contact Member Services on 1800 757 607.