Salary Continuance Cover provides a monthly benefit of up to 90% of your salary or $20,000 (which ever is less) – 75% payable to you and the rest paid to your HOSTPLUS Executive account – for a maximum period of two years if you're unable to work as a result of being totally or partially disabled due to injury or illness for longer than the benefit waiting period. Your premium will depend on your age, waiting period, occupation and level of cover.
Salary Continuance Cover options |
| Option |
Best suited if you want |
How it works |
| Salary-Linked Cover |
Uniform cover for groups. |
Your employer can choose this option to provide default cover based on a percentage or multiple of your salary when you join. |
| Fixed Benefit Cover |
Stability of insurance benefits payable. |
You choose a dollar amount of cover at a benefit waiting period. Each year the premium is adjusted to maintain your chosen cover. |
For a complete guide to the benefits, exclusions, premiums, and cover offered by each Salary Continuance Cover option, refer to the Member guide.