Based on extensive member research, Industry Funds Forum has produced a new insurance adequacy calculator for use by its Member Funds and their members. This is a needs’ based death and disability calculator customised to the member’s circumstances and the Fund’s design. The Calculator sets death, IP and TPD cover at a level that will enable the member and member’s dependents to broadly maintain their lifestyle following death or disablement of the member. This contrasts with more expensive life cover levels simply providing a large lump sum.

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