Other Commonly Asked Questions
What is TPD insurance?
Total & Permanent Disability Insurance (TPD) provides a payout to you in the event that you become totally and permanently disabled as defined in the Product Disclosure Statement. The maximum age you can apply for cover is 59, and cover can remain in place until the policy anniversary following your 65th birthday.
Is a TPD payout taxable?
A TPD benefit pay-out is generally not taxed. However, it's always best to check with a tax professional.
Should I have my Total & Permanent Disability insurance inside or outside super?
Most super funds offer life insurance, but with generally only a minimum level of cover in the event of death or TPD. You should ensure this cover will be enough for your needs, should you need to claim.
I already have life insurance. Do I need TPD cover too?
Life insurance provides a lump-sum payout if you die or are diagnosed with a terminal illness. TPD provides a lump-sum payment if you can’t work because you are totally and permanently disabled.