Insurance fees

Affordable Insurance fees

We offer competitive fees for Death and TPD insurance. We’re able to do this as we purchase “group” insurance on behalf of our members. These fees are not generally available to the general public.

Insurance fees are paid through your super account

Your REI Super insurance fees are paid through your super account. So you don’t have to worry about paying another monthly bill and still have peace of mind knowing that you are covered.

As insurance fees are paid from your superannuation savings, your superannuation balance will reduce by the insurance fee paid each year.

Level of cover

We offer both unitised and fixed levels of cover. The insurance fees you pay will differ depending on which level of insurance cover you take.

Unitised cover 

With unitised cover, you pay a set price for each unit of cover you hold. However the value of the benefit will increase and decrease as you get older. Our default insurance covers a minimum of 4 units. You may apply to increase your level of cover at any time to a maximum of 20 units.

 Occupation category Death and TPD   Death only cover
White Collar$1.80 per week $0.92 per week
Blue Collar$3.53 per week $1.79 per week
  • White Collar - If you are employed by a Participating employer within the Real Estate industry you are likely to belong to the white collar classification. If you are a Direct (Public Offer)* member, you may also be eligible for this classification provided you work more than 30 hours per week and spend at least 80% of your working time in an office or similar environment performing clerical, administrative or managerial duties. 
  • Blue CollarDirect (Public Offer)* members who do not work in the Real Estate industry and/or work less than 30 hours per week, and/or spend less than 80% of their working time in an office or similar environment performing clerical, administrative or managerial duties. If you are unsure call our Helpline on 1300 13 44 33.

*Public Offer members are members whose employers use a different default Superannuation Fund or self-employed members outside of the Real Estate Industry.

Examples of cover

Age at date of death or disablement Sum insured for 1 unit of cover Sum insured for 4 units of cover Sum insured for 20 units of cover
20 $62,500 $250,000 $1,250,000
25 $74,000 $296,000 $1,480,000
30 $104,000 $416,000 $2,080,000
35 $104,000 $416,000 $2,080,000
40 $91,750 $367,000 $1,835,000
45 $55,000 $220,000 $1,100,000
50 $27,000 $108,000 $540,000
55 $14,025 $56,100 $280,500
60 $4,900 $19,600 $98,000
65 nil nil nil

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Fixed cover 

With this option you can choose to keep your level of cover the same. However the amount you pay for the insurance increases as you get older.

Please refer to the Insurance Guide for the current fixed rate insurance fees.