GENERAL AVIATION
Have you ever considered what would happen if you couldn't fly because of a sudden injury or illness? If one day you were playing sport and broke your leg - which meant you were off flying for a few months with no steady stream of income. That's where the MBF comes in - we take care of you in these situations, so you can actively work towards regaining your Class 1 Medical without having to worry about the financial pressures of life.
MBF DOESN'T HAVE TO BE A HIGH COST EXPENSE
The below tables detail a level of cover that is more than 5-times your salary:
JOINING UNDER 40
| AGE | SALARY | COVER LEVEL | PRICE* |
| 28 | $50,000 | $277,000 | $162.25 |
| 30 | $60,000 | $330,000 | $221.43 |
| 35 | $70,000 | $380,000 | $289.46 |
JOINING BETWEEN 40-44
| AGE | SALARY | COVER LEVEL | PRICE* |
| 40 | $50,000 | $277,000 | $467.71 |
| 43 | $60,000 | $330,000 | $557.20 |
| 44 | $70,000 | $380,000 | $641.63 |
JOINING BETWEEN 45-49
| AGE | SALARY | COVER LEVEL | PRICE* |
| 46 | $50,000 | $277,000 | $571.31 |
| 47 | $60,000 | $330,000 | $680.62 |
| 49 | $70,000 | $380,000 | $783.75 |
*Price is calculated per quarter
WHO PAYS?
Under the Air Pilots Award 2010, pilots are entitled to an Annual Loss of Licence allowance of $2,005 paid for by their employer. If you have an Enterprise Agreement or individual contract, you could receive more.
BENEFITS:
Monthly benefits start 90 days after the date of disability or at the end of sick leave, whichever occurs last - are paid for up to two full years. We also pay the full monthly amount regardless of other income you earn. Monthly payments are capped at 1/12th of your Annual Income.
| Annual Income | Cover Level | Monthly Payments (Gross) |
| $50,000 | $277,000 | $4,155 |
| $60,000 | $330,000 | $4,950 |
| $70,000 | $380,000 | $5,700 |
REFUND OF CONTRIBUTIONS:
MBF acts as 'forced savings'. After 20 years of membership, you may apply to have the money you've spent on your cover refunded to you once you retire.
