Total and permanent disablement insurance (TPD)

Elevate Insurance TPD Insurance 

TPD insurance is available for new applications from existing Resolution Life customers. If you’re aged between 18 and 59 and already have cover with us, you can apply for Elevate TPD Insurance. 

In addition to paying the sum insured if you become totally and permanently disabled, Elevate TPD insurance plans offer several built-in benefits, such as:

• Partial TPD Benefit: We’ll pay 25% of the sum insured if you suffer permanent loss of use of one hand or foot and sight in one eye.
  Not available if your TPD insurance is through superannuation.
• Day One TPD Benefit: We’ll waive the requirement to be unable to work for three months if you suffer from a specific medical condition, as defined in the policy.
• Life Buy Back Benefit: 12 months after a full TPD Benefit is paid, you may buy that amount of cover back as a life insurance plan without having to provide health evidence.
  Only available if your TPD insurance is linked to a life insurance plan.    
• Automatic Inflation Benefit: Your sum insured is automatically increased each year by the greater of the Consumer Price Index (CPI) or 5% unless you advised you don’t want this increase.
• Future Insurability Benefit: You can increase your sum insured for specific life  events without having to provide health evidence.
• Accommodation Benefit: If we’ve paid the full TPD Benefit and you’re confined to bed and require a family member to stay with you, we’ll pay up to $250 per day for up to 14 days to help with accommodation costs.
  Not available if your TPD insurance is through superannuation.
• Death Benefit: We’ll pay $10,000 if you die and don’t have any life insurance cover with us.
• Financial Planning Benefit: We’ll reimburse up to $2,000 for the cost of financial planning advice received within 12 months of us paying the full TPD Benefit.
  Not available if your TPD insurance is through superannuation.
• Premium Freeze Benefit: This benefit allows you to maintain your current premium at the time the benefit is exercised, in exchange for a sum insured that reduces each year. Only available with variable age stepped premiums.
• Premium and Cover Pause Benefit: This benefit allows you to suspend all benefits under your policy and premiums associated with them for 3, 6 or 12 months.    

To find out more about Elevate Total & Permanent Disablement (TPD) insurance, including optional extras and suggestions on how you can potentially reduce the cost of your cover, refer to the Total & Permanent Disablement (TPD) Product Summary. For full details about Elevate Insurance, refer to the Product disclosure statement and plan document.