TPD cover
Plan for a lasting change in circumstances.
Total and permanent disability insurance can pay a lump sum if illness or injury leaves you permanently disabled and you meet the policy’s definition. It may help with debt, care or changes to your home.
Insurance advice is provided by Solace Life under its own authorisation and terms. Cover is subject to policy definitions, exclusions and individual circumstances.
When it’s worth a conversation.
- A permanent loss of earning capacity would affect your plans.
- You want to understand the TPD cover in your super.
- Your work, family commitments or debts have changed.
Look at the whole picture.
Definitions differ, including how the policy assesses your ability to work. Ownership inside or outside super can also affect how and when benefits are accessed.
The definition shapes the cover.
TPD policies use specific definitions of permanent disability. Depending on the policy and your circumstances, the assessment may relate to your occupation, other work you could do or activities of daily living. Those distinctions can materially affect when a claim is payable.
Cover inside superannuation also involves the fund’s benefit-payment rules. Consider the policy ownership, definitions, premiums and the circumstances in which funds could be accessed. A specialist can explain those differences while your accountant can address relevant tax questions.
Questions to take into the conversation
- Which disability definition applies to this policy?
- How would holding it through super affect access to benefits?
- Would a TPD payment change my remaining life cover?
Useful things to bring.
- Existing TPD policies and definitions
- Your occupation and employment details
- Debts, dependants and long-term financial commitments
What happens next.
Solace Life can review your existing cover and explain the definitions and conditions relevant to your circumstances.
InvestorKit Protect and InvestorKit are not the direct providers of personal insurance advice. Insurance advice is provided by Solace Life under its own authorisation and terms. Cover, exclusions and claims depend on the policy and individual circumstances. Other referral partners may be introduced where appropriate.
Your next step
Let’s start with your plans.
Book a conversation with InvestorKit. We’ll help you connect with Solace Life when you’re ready.