HESTA’s Death Cover can pay your estate or dependants a lump sum if you die before age 70.
HESTA’s Death Cover at a glance
- HESTA’s standard Death Cover is offered through units of cover with a fixed premium per unit
- HESTA's basic (default) cover includes two units of Death Cover (which includes terminal illness cover) at a cost of $0.60 per unit per week
- Eligible members may apply for more units, subject to health evidence
- Each unit of cover provides a benefit of up to $80,000 (decreasing from age 36; see the table below)
- If you're in the Industry Super Plan, you can apply for up to 6 units of Death Cover using the Personal Health Statement in the New member application form (Personal Super Plan members must complete a full insurance application [see Your HESTA's insurance guide] to increase their cover)
- Death Cover reduces to nil at age 70
- If you're joining the Industry Super Plan, you can apply for up to six units of Death Cover using the personal health statement in the New Member application form
- You may apply for up to $2 million of Death Cover by completing the application for in your HESTA insurance guide
Death Cover and Lump-Sum Total and Permanent Disablement (TPD Cover) offer the same benefit per unit (see table below)
To find out more about HESTA's Death Cover, download the
Your HESTA insurance guide.
You can also use
HESTA's Death Cover Calculator to help you estimate how much insurance you may need.
| Up to 35 |
$80,000 |
$160,000 |
$400,000 |
$640,000 |
| 36 |
$78,830 |
$157,660 |
$472,980 |
$630,640 |
| 37 |
$75,760 |
$151,520 |
$454,560 |
$606,080 |
| 38 |
$72,690 |
$145,380 |
$436,140 |
$581,520 |
| 39 |
$69,620 |
$139,240 |
$417,720 |
$556,960 |
| 40 |
$66,550 |
$133,100 |
$399,300 |
$532,400 |
| 41 |
$61,430 |
$122,860 |
$368,580 |
$491,440 |
| 42 |
$56,310 |
$112,620 |
$337,860 |
$450,480 |
| 43 |
$51,190 |
$102,380 |
$307,140 |
$409,520 |
| 44 |
$46,070 |
$92,140 |
$276,420 |
$368,560 |
| 45 |
$40,950 |
$81,900 |
$245,700 |
$327,600 |
| 46 |
$36,860 |
$73,720 |
$221,160 |
$294,880 |
| 47 |
$32,760 |
$65,520 |
$196,560 |
$262,080 |
| 48 |
$28,670 |
$57,340 |
$172,020 |
$229,360 |
| 49 |
$24,570 |
$49,140 |
$147,420 |
$196,560 |
| 50 |
$21,500 |
$43,000 |
$129,000 |
$172,000 |
| 51 |
$19,450 |
$38,900 |
$116,700 |
$155,600 |
| 52 |
$17,400 |
$34,800 |
$104,400 |
$139,200 |
| 53 |
$15,360 |
$30,720 |
$92,160 |
$122,880 |
| 54 |
$13,820 |
$27,640 |
$82,920 |
$110,560 |
| 55 |
$12,290 |
$24,580 |
$73,740 |
$98,320 |
| 56 |
$11,260 |
$22,520 |
$67,560 |
$90,080 |
| 57 |
$10,240 |
$20,480 |
$61,440 |
$81,920 |
| 58 |
$9,210 |
$18,420 |
$55,260 |
$73,680 |
| 59 |
$7,170 |
$14,340 |
$43,020 |
$57,360 |
| 60 |
$6,140 |
$12,280 |
$36,840 |
$49,120 |
| 61 |
$5,120 |
$10,240 |
$37,020 |
$40,960 |
| 62 |
$4,100 |
$8,200 |
$24,600 |
$32,800 |
| 63 |
$3,070 |
$6,140 |
$18,420 |
$24,560 |
| 64-69 |
$2,560 |
$5,120 |
$15,360 |
$20,480 |
* Cost shown is for any occupation TPD Cover. Own Occupation TPD Cover costs $1.00 per unit per week and is subject to ING's acceptance.
ING may consider early payment of a death benefit if an approved specialist physician determines that you are terminally ill and likely to die within 12 months. New and increased cover provided without evidence of health is subject to meeting At Work definition and satisfying policy conditions.
It’s important to consider the impact of insurance premiums on your retirement savings when you choose your level of cover.
Terminal illness cover
As long as your Death Cover continues, if you become terminally ill, you may be entitled to a terminal illness benefit.
You’re regarded as terminally ill when, in the opinion of an appropriate specialist physician approved by ING, you have a terminal illness that is likely to lead to your death within 12 months from the date that ING are provided with the specialist physician’s opinion.
The terminal illness benefit available is your account balance plus the lesser of:
- the insured benefit
- $2 million
If you’re paid a terminal illness benefit, this reduces the amount of your death benefit by the amount paid — perhaps to zero. If your death insurance is greater than $2 million, the balance is paid when you die provided death occurs before the benefit expiry age, and your Death Cover remains current.
Premiums will continue to be paid for the reduced Death Cover after a terminal illness claim has been paid.
Please note that ING will not pay both a TPD benefit and a terminal illness benefit. Upon substantiating that you’re terminally ill, ING will pay a terminal illness benefit (with any balance due payable on your death), OR a TPD benefit, even where you have cover for both Death and TPD.