BENEFITS
Whatever happens, Australian Air Pilots Mutual Benefit Fund is there for you - supporting and protecting you and your family in three essential ways.
MONTHLY BENEFITS UP TO $12,000
Monthly payments
Designed to help you better meet your financial obligations while you're not flying. Monthly payments are derived from the Standard Capital Benefit only.
Monthly payments will not exceed one twelfth of a Member’s Gross Annual Salary.
Benefits start 28 days after the date of disability or at the end of sick leave, whichever occurs last.
Paid in full regardless of other income
With an insurance policy, your monthly payments are reduced if you earn other income. Not with your MBF - we pay the full monthly amount regardless of anything else you earn.
No income insurance adjustments, so you know exactly what your monthly payments will be.
MBF does not pay benefits where you have an entitlement to benefits under State or Federal legislation (including but not limited to Workers Compensation).
COMPLEMENTARY DEATH BENEFIT
An additional lump sum paid to your nominated beneficiary
On top of the full Standard Capital Benefit and the Premium Capital Benefit (if taken) in the event of your death.
Your death benefit starts at $100,000 the day you join the MBF and increases by $10,000 for every year of membership up to $300,000.
TOTAL CAPITAL BENEFIT AT DEATH CAN BE AS MUCH AS $1.1 MILLION.
The MBF Trustee does have the discretion to consider earlier payments in circumstances of financial hardship. Please note that to the extent that there is any inconsistency between information provided on this website and the rules of the MBF, the rules will take precedence.
Australian Air Pilots Mutual Benefit Fund
IMPORTANT INFORMATION
The information on this website has been prepared by Austair Pilots Pty Ltd (ACN 005 111 731, AFSL 344259) as trustee of the Australian Air Pilots Mutual Benefit Fund (MBF). The information is of a general nature only, does not take into account your personal circumstances and is not intended to be relied upon as specific financial advice.
Before deciding whether to become a member of the MBF you should consider the appropriateness of the product offered with regard to your objectives, financial situation and needs. You should take the time to read both our Product Disclosure Statement and our Privacy Policy before deciding whether to become a member of the MBF. Membership with the MBF is subject to the Rules. No responsibility for loss occasioned to any person acting on, or refraining from action, as a result of any material published on this website can be accepted.
MBF Trustee: Austair Pilots Pty Ltd AFSL: 344259