lifePLUS Protect cover
lifePLUS choice
If your client isn't eligible for auto cover, or would like to change or add cover, they can customise their cover through lifePLUS Protect choice. lifePLUS choice (product page)Fees and premiums
With lifePLUS Protect auto or choice insurance, monthly deductions come out of the ADF Super account to cover the cost of insurance fees and premiums.
Insurance fees: $18 a year
Our insurance fee is $1.50 per month (or $18 a year). This covers the cost of providing insurance to your client.
We calculate the insurance fee on a pro rata basis at the end of each calendar month, and the amount is deducted from the ADF Super account at the beginning of the following month.
Premiums are calculated on the cover held
Premiums are the amount paid for the insurance cover held, and they are deducted from the ADF Super account—unless the member has opted out of cover or cancels cover, or cover stops for another reason (for example, if the account has become inactive).
The cost of cover is based on age at the last birthday, and how much the member is insured for under lifePLUS Protect auto or choice.
We calculate Income Protection and Death and Total Permanent Disablement (TPD) premiums at the end of each calendar month. Premium amounts vary slightly month-to-month, depending on the date cover started and the number of days in each month.
How much cover costs
You’ll find the current insurance premiums and some worked examples of lifePLUS Protect auto and choice cover in the Insurance and your ADF Super booklet. If you need a hand calculating cover, just give us a call.
Documents
Apply for lifePLUS Protect or make a change
Use the lifePLUS Protect Application and variation form to request to change your insurance details.
Cancellation of cover form
Use this form to cancel or opt out of Death, Total and Permanent Disability (TPD) or Income Protection Insurance.