Calculations for real decisions: how much cover, which waiting and benefit period, trauma or not, the cost of cover in super, and tax on payouts.
Insurance decisions are easier when the numbers are on the page. These guides take common questions and work them through with the arithmetic shown: how much death and TPD cover a household with a mortgage might need, how a 30-day and a 90-day waiting period compare over a realistic claim, what a monthly premium deducted from super costs you by retirement, whether trauma cover fills a gap your other cover leaves, and how much tax comes off a death or TPD benefit paid from super.
The step-by-step quote comparison guide is the place to start. It links to each worked example and to the income protection quote comparison tool, the premium tax deduction calculator, the cost of cover in super calculator and the cover review checklist.
Every premium, income and balance in these examples is an illustrative figure chosen to make the arithmetic clear. Your own numbers come from your super fund's insurance guide, a product disclosure statement (PDS), a personalised quote and your tax position. If you need a recommendation for your circumstances, that is personal financial advice and should come from a licensed adviser.
Worked Examples and Checklists
How life and income protection underwriting works in Australia, what insurers ask, loadings and exclusions, genetic tests, cooling-off, and a checklist before you apply.
Worked Examples and Checklists
Choose an income protection waiting period from your sick leave and savings, and a benefit period from the claims that hurt most, with worked arithmetic.
Worked Examples and Checklists
A step-by-step method to compare Australian life, TPD, trauma and income protection quotes like for like, with a worked comparison and the quote tool.
Worked Examples and Checklists
Work out how life, TPD and income protection premiums deducted from super reduce your retirement balance, including lost earnings, with worked examples.
Worked Examples and Checklists
Calculate how much life cover you need using debts, final costs, income replacement, children's costs, super and existing cover, with a full worked example.
Worked Examples and Checklists
Work out a TPD sum insured from debts, care and home modification costs, lost income and existing cover, and how TPD fits with income protection and the NDIS.
Worked Examples and Checklists
What trauma (critical illness) insurance pays, why it cannot be held in super, how it differs from income protection and TPD, and a worked cost-benefit example.
Worked Examples and Checklists
How death benefits, TPD lump sums, trauma and income protection benefits are taxed, inside and outside super, with worked examples for dependants and adult children.
