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Life insurance in Australia covers four related things: life, TPD, trauma and income protection. Here is what each one pays, why so much of it sits in your super, and how to check what you already hold before buying more.
You probably have insurance inside your super without knowing it. Here is how to check what you hold, why cover can quietly lapse, and the multiple-fund trap to watch for.
TPD insurance pays a lump sum if illness or injury stops you working for good. Many Australians hold this cover inside their super without knowing. Here is how a TPD claim works, what the policy definitions mean, and the steps to lodge one.