This tool is provided by AIA Australia Limited (ABN 79 004 837 861, AFSL 230043)
This calculator is only intended for illustrative purposes only and does not constitute an offer of insurance. To apply for cover, a person needs to submit a fully completed application and provide any other relevant information requested. This calculator does not constitute a recommendation or statement of opinion about insurance and is not intended to influence a person to acquire any particular insurance or other financial product.
To the maximum extent permitted by law, AIA Australia takes no responsibility for reliance by any person on the information in or relating to this calculator. This information is general information only and does not take into account factors like the objectives, financial situations or needs of any individual and is not intended to be financial, legal, tax, accounting or other advice. Before acting on the information, you should consider the appropriateness of this information having regard to such factors and the Australian Retirement Trust for Life Insurance guide. No particular impact on you resulting from the use of this calculator is guaranteed.
The tool is based on a number of assumptions which may be accessed via the tool.
While the assumptions underlying this calculator are considered reasonable at the present time, these assumptions may be reviewed in future.
You can change the assumptions but should carefully consider the appropriateness of doing so.
The following assumptions also apply, but cannot be changed:
All figures are pre-tax.
No allowance is made for your particular tax circumstances or for the taxation of insurance benefits, either inside or outside superannuation.
No allowance has been made for any social security benefits to which you may be, or may become, entitled to.
Availability of cover
No assessment is carried out as to the availability of cover.
Cover may not be available to some members either for health reasons or due to their occupation and any application is subject to acceptance by our insurer.
Needs and advice
The tool is based on information that has not taken into account all your personal financial needs, circumstances and objectives, and is not intended to be relied on as advice for the purposes of making a decision in relation to financial products.
You should look at your own financial position and requirements before making a decision, and reassess your needs as your circumstances change. You may wish to consult a financial adviser when doing this.
The tool only considers Death, Total & Permanent Disability and Income Protection insurance, and does not consider any other insurance needs.
Replacing existing insurance cover
To avoid any gaps in coverage, we recommend that you only cancel existing cover when you have received confirmation that the cover you are requesting with us has been accepted.
You will receive confirmation in writing once your application has been accepted.
You should also consider the risks of replacing your existing cover, including the loss of any accrued benefits, the possibility of waiting periods starting again, and the implications of any nondisclosure on your application for cover (even if it was unintentional). You can find out more about the impact of nondisclosure here.