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Question

Why has my insured amount decreased from last year?

Answer

Basic Death/Total and Permanent Disablement (TPD) insured amounts decrease each year with age, up until the age of 70 when insurance ceases.

This decrease also applies to the amount of each Additional Unit of Death and TPD. (So, basically when the member turns a year older the amount they are insured for will decrease.)

Fixed dollar insured amounts stay the same; however, the monthly premium will increase each year with age up until age 70 (when insurance cover ceases).

*For further information see the relevant Product Disclosure Statement.

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