Side-by-side comparison
Compare Life, TPD, Income & Trauma Cover
Four covers, four different jobs. Here's exactly what each one does, how it pays out, and how it can be funded — so you can see at a glance what suits you.
| Feature | Life Insurance | TPD Insurance | Income Protection | Trauma Insurance |
|---|---|---|---|---|
| What it covers | Death or terminal illness (less than 24 months to live) | Permanent disability that stops you working ever again | Temporary illness or injury that stops you working | Diagnosis of a defined critical illness (cancer, heart attack, stroke, etc.) |
| How it pays | One-off tax-free lump sum to your beneficiaries | One-off tax-free lump sum to you | Monthly income replacement (up to 75% of pre-tax salary) | One-off tax-free lump sum to you on diagnosis |
| Typical cover amount | $100,000 – $5M+ depending on debts and income | $250,000 – $5M+ depending on occupation and needs | Up to 75% of monthly pre-tax income | $50,000 – $2M — often 1–2 years' income plus medical buffer |
| Can pay from super? | Yes — very common structure | Yes — often bundled with life cover inside super | Yes — in many cases (indemnity or agreed value) | No — held outside super (paid from after-tax income) |
| Premiums tax-deductible? | Not personally (deductible inside super by the fund) | Generally no when held personally | Yes — generally deductible when paid personally | Generally no when held personally |
| Best for | Anyone with a mortgage, dependents or who wants to leave a legacy | Tradespeople, professionals and anyone whose income supports others | Employees, self-employed and anyone whose lifestyle depends on regular income | Anyone wanting a cash buffer for cancer, heart or stroke diagnosis — even if they recover |
Life Insurance details
Full overview
TPD Insurance details
Full overview
Income Protection details
Full overview
Trauma Insurance details
Full overview
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