Guides
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Understanding your life insurance options
A simple guide to four key types of personal life cover in Australia
Life Insurance
What it is
Pays a lump sum to your beneficiaries if you pass away or are diagnosed with a terminal illness.
Use it for
- Replacing lost income for dependents
- Covering funeral and final expenses
Quick fact
Most affordable form of personal cover.
TPD Insurance
(Total & Permanent Disability)
What it is
Provides a lump sum if you become permanently disabled and can no longer work.
Use it for
- Funding rehabilitation and ongoing care
- Paying off debts and modifying your home
- Replacing lost future earnings
Quick fact
Claim is based on diagnosis, not ability to work.
Trauma Insurance
(Critical Illness)
What it is
Pays a lump sum if you suffer a serious illness like cancer, stroke, or heart attack
Use it for
- Covering medical costs or recovery time
- Info to come…
Quick fact
Info to come…
Income Protection Insurance
What it is
Replaces a portion of your income (usually up to 7%) if you’re unable to work due to illness or injury.
Use it for
- Info to come…
Quick fact
Info to come…
What you’ll learn
FAQs
Still have questions about Life Insurance?
Talk to a Falcon Adviser now