Millennium Master Trust

- Insurance Cover

Cover is available for Death, Total and Permanent Disability, and income protection;

Death/total and permanent disablement insurance

Amount of Cover

Multiple units of Standard Cover as per the table below, or Tailored amounts as nominated by the member or their employer.

Age Next Sum Insured Age Next Sum Insured
16 - 34 68,400 50 10,500
35 58,400 51 9,500
36 54,200 52 7,900
37 50,500 53 6,800
38 45,300 54 5,800
39 42,100 55 5,300
40 37,900 56 4,700
41 34,200 57 4,200
42 30,000 58 3,700
43 26,900 59 3,200
44 23,700 60 2,600
45 20,500 61 2,600
46 18,400 62 2,100
47 15,800 63 2,100
48 13,700 64 1,600
49 12,100 65 1,600

1 Unit of Cover is compulsory for all Employer Sponsored Members and is provided without any evidence of health (subject to meeting the eligibility criteria).If you are actively employed on a permanent basis AND are working more than 15 hours every week, 1 unit provides cover for Death and for Total and Permanent Disablement.

If you are employed on a casual basis or working less than 15 hours every week, 1 unit provides cover only for Death.

There is no automatic cover for Personal Super or non-contributory members as all cover and sums insured are optional.

Other insurance scales and formulas can be used, subject to normal underwriting processes.

Income protection insurance

An optional cover with a 2 year benefit period and either a 30 or 90 day waiting period.

Insurance Premiums

Standard Cover is $1.00 per unit per week Death/TPD and $0.80 per unit per week Death Only for members under an Employer Group that has 5 or more members. In all other cases, retail rates apply, based on gender, occupation, smoking habits, etc.

Rates for Tailored cover can be arranged for Employer groups.

Applying For Extra Cover

To apply for Additional Insurance you need to complete a health questionnaire and send it to us.

News

Freeze on Challenger Howard Wholesale Mortgage Fund

Challenger Investments, the Responsible Entity for the Howard Wholesale Mortgage Trust, have announced an amendment to the rules on withdrawals from the Trust. The effect of these rules is that members are temporarily unable to switch out of, or redeem units held in, the Howard Wholesale Mortgage Fund

Investment Market Volatility

Investment Market volatility is still a factor in investment returns and is having an impact on portfolio performance.  Learn more

2007/08 Annual Statements

We have added an FAQ page to assist with any questions about your Annual Statements.  A copy of the Annual Report can also be downloaded from your Forms pag

See the Tax Thresholds for 2007/08

The ATO has released the numbers for the 2007/08 financial year

Update your investment choices online

We now offer a facility for you to update your investment profile and options online


Learn about the Co-Contribution

This is a federal government initiative to help low income earners build a bigger retirement nest egg


Choice of Fund - what it means for Employers and Employees

Many working Australians now have a say in where their employers contribute to


Locate Your Lost Super Accounts

The Australian Taxation Office has made available a search facility to help members find lost accounts. Learn more


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