You insure your car, your home, and your life, but what happens if you are unable to work for an extended period of time?
Salary continuance insurance helps to protect your income if you can’t work because of illness or injury (temporarily and totally) by providing regular monthly payments to help you meet your living expenses.
- You can apply for cover of up to 90% of your monthly pre-disability salary (where 75% is paid to you and 15% of into your account with HOSTPLUS Executive)
- Choose a waiting period of either 30, 60 or 90 days
- Choose to receive the monthly benefit payable for up to two years or to age 65.
Transferring cover
You may transfer salary continuance cover from any other fund (other than a self-managed super fund) to HOSTPLUS Executive provided that the combined level of cover upon transfer is limited to either less than the number of units to cover 90% of salary (of which a maximum of 75% is paid to you and the balance paid to your HOSTPLUS Executive account) and up to a maximum cover of $6,000 per month and a benefit period restricted to 2 years. Conditions may apply and subject to the insurer’s approval.
How to apply for Salary continuance cover
Complete the Increase your insurance application form Part A and Part B (if applicable) in the Member Guide.
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