You can use this calculator to estimate the amount of Death and Total Permanent Disablement cover you may require to cover your estimated household expenses. It can also show you the cost required to obtain the level of cover you desire.
| Personal Details | ||
| Your current age | * | |
| Occupational Status see Note 5 |
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| Outstanding Debts | ||
| Home mortgage | ||
| Car Loan | ||
| Other Loans | ||
| Personal Credit Cards | ||
| Other Commitments | ||
| Childrens Education see Note 1 |
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| One-off capital commitments see Note 2 |
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| General living expenses | ||
| Estimated income replacement needed see Note 3 |
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| Total Outstanding Debt: |
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| Less net value of exisiting assets see Note 4 |
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| Less value of other insurance covers for death and Total and Permanent Disablement. | ||
| Sum insured Death and TPD *Cover for TPD reduces after age 60 please see the PDS for further information. |
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| Premium Death and TPD Yearly | ||
| * Mandatory |
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| Note: | ||
| 1. Children’s education – What will it cost to complete your children’s education? For illustrative purposes only, $10,000 per annum cost per child is not unusual. | ||
| 2. One-off capital commitments eg. hospital, funeral, estate settlement expenses. | ||
| 3. Estimated income replacement needed – The estimated capital amount needed to generate sufficient income through investment to support your surviving dependants. If one dependant, multiply estimated annual income needed x 7. If multiple dependants, multiply estimated annual income needed x 10. | ||
| 4. Net value of existing assets – eg. current value of investments and superannuation. DO NOT include the value your house, contents or vehicles. | ||
| 5. Occupational Status - Most ESSSuper members are classified as Non-Operational. Operational members are those who are members of the ESSS Defined Benefit and are in a role such as firefighter, police officer or ambulance paramedic. | ||
The figures shown on this calculator are estimates only and do not take into account all your individual circumstances. They must not be regarded as guaranteed, or relied upon as a basis for entering binding obligations or incurring expense. ESSSuper and its employees disclaim all responsibility and accept no liability whatsoever for any loss or damage which may be suffered as a result of relying on these estimates.
This calculator is not a substitute for professional financial advice. ESSSuper recommends that you assess your own situation and seek professional financial advice before making any decision in relation to insurance. Insurance premiums, and sums insured are subject to change. Your needs and the level of cover appropriate for you can only be determined after your personal objectives, financial and taxation circumstances and needs have been considered.
