Total and Permanent Disability (TPD) Insurance

This policy provides a lump-sum payment if you are unable to work due to illness, injury, or accident. The amount you receive (your benefit) is selected when the policy begins. Cover may be available under an Own Occupation, Any Occupation, or Non-Working definition, depending on the policy terms.

If you were unable to work and earn an income again, would you need financial support? If the answer is yes — or possibly — then TPD Insurance may be worth considering.

When reviewing this type of cover, it’s important to balance protection with affordability. Our team can help you find a level of cover that aligns with your needs and budget.

You may also want to ask yourself:

• Who depends on my income?

• Would I be able to manage living costs, rent, or mortgage repayments if I couldn’t work again?

Insurers may assess factors such as:

• Family medical history (typically first-degree relatives and certain conditions diagnosed at a younger age)

• Your personal medical history and BMI

• Lifestyle habits, including smoking or alcohol use

• Occupation

• Age

• Level of cover requested

• The selected insurer

• Available discounts

If you’d like to understand how your circumstances may be assessed, our team can arrange a confidential pre-assessment. This allows us to review your situation with insurers without identifying you — similar to a home loan pre-approval.

TPD Cover pays a lump sum if you become permanently unable to work. Life Cover pays a lump sum if you pass away or are diagnosed with a terminal illness, subject to policy terms.

TPD is often added to Life Cover so that a benefit is payable under either circumstance. This arrangement is known as “linking” the policies, although they remain separate types of cover.

Once a claim is approved, payment is typically processed within 48 hours. TPD claims usually require you to have been unable to work for a minimum period (often around three months), depending on the policy terms. Timeframes may also vary based on the nature of the claim and medical assessments from your treating doctors.

As your representatives, we help coordinate the required information to support a smooth and efficient claims process.

Trauma Insurance pays a lump sum if you are diagnosed with a specified serious medical condition, such as cancer or stroke. It is designed to provide financial flexibility during treatment and recovery.

TPD Insurance pays a lump sum if you become permanently unable to work due to illness, injury, or accident.

For example, if you experience a stroke, a Trauma benefit may assist with medical and recovery costs. If the condition also leaves you permanently unable to work, a TPD benefit may help cover ongoing debts and living expenses if your income stops.

Personal insurance policies require an application process. At a minimum, you will need to complete a health questionnaire detailing your medical history. Depending on your age, the level of cover requested, or your health background, the insurer may request additional medical information or tests before confirming cover.

Your broker can explain the specific requirements for your situation. In most cases, any required medical examinations are arranged and funded by the insurer, and appointments can often be conducted at a time and location convenient for you.

If your TPD policy is held through superannuation, any approved benefit is paid into your super account. No tax is applied at that time. However, tax may apply when you withdraw the funds, particularly if you are below preservation age. The amount payable can vary depending on factors such as disability date, service periods, and preservation rules.

We recommend seeking independent financial and tax advice before making decisions. Many TPD policies include a feature that may reimburse financial advice costs, depending on the policy terms.

If your policy is owned personally and not through superannuation, benefits are generally received tax-free, subject to individual circumstances.

Unitised cover, commonly offered through superannuation, provides insurance in units. The value and cost of each unit can change as you age.

Fixed cover provides a set dollar amount of protection that stays the same unless you choose to adjust it. Premiums may change over time based on age and other factors.

The policies we arrange are structured as fixed cover, with optional inflation adjustments. This allows you to maintain, increase, or reduce your protection as your needs evolve.