Can I Still Get TPD or Trauma Insurance After 60?
If you’re over 60, you might assume your options for Total and Permanent Disability (TPD) or Trauma Insurance are limited — but the truth is, many Australians can still access these covers well into their 60s.
While it’s true that policies tighten as we age, insurers are increasingly offering flexible protection options for those approaching or already in retirement.
Here’s what you should know about getting TPD or Trauma Insurance after 60, and how Covered Life helps older Australians stay protected.
Why Older Australians Still Need Protection
Even if you’re close to retirement, your financial commitments might not have ended.
Many Australians over 60 still have:
A mortgage or investment property
Dependent children or grandchildren
Business or self-employment income
A desire to leave a financial gift or clear debts
Illness or disability can still impact your savings — especially if it limits your ability to work or forces early retirement. That’s where TPD and Trauma cover remain valuable.
TPD Insurance After 60
TPD Insurance pays a lump sum if you become permanently unable to work due to illness or injury.
While eligibility varies, many insurers offer cover up to age 65 or 70, especially if you’re still working. You may also find options tailored to your stage of life, such as:
Modified TPD cover: For part-time or semi-retired workers.
Any occupation definitions: Suited to those transitioning out of the workforce.
TPD through super: Available up to your super fund’s age limit, often 65–70.
Even if you’re no longer working full-time, a payout can help fund medical care, modify your home, or supplement retirement income.
Trauma Insurance After 60
Trauma (Critical Illness) Insurance provides a lump sum if you’re diagnosed with a serious medical condition like cancer, heart attack, or stroke.
Since health risks rise with age, trauma cover can offer important protection — helping fund treatment or recovery time without depleting your retirement savings.
Most insurers offer new trauma policies up to age 65, and existing cover can sometimes be extended further.
Factors That Affect Eligibility
If you’re applying after 60, insurers may consider:
Current health and medical history
Occupation and work status (full-time, part-time, or retired)
Lifestyle habits, such as smoking or alcohol use
Whether you already hold life insurance or super-linked cover
The good news? Some policies for older Australians are simplified, meaning less paperwork and fewer medical tests — especially if you’re seeking moderate cover levels.
What Happens to Existing Policies?
If you already hold TPD or trauma insurance, it’s essential to review your policy regularly.
Some older policies automatically reduce benefits or expire once you reach a certain age. A Covered Life adviser can help you check whether your cover still meets your needs.
Benefits of Holding Cover Later in Life
Even later in life, insurance can provide:
Financial stability if a serious illness affects your health
Debt protection for outstanding mortgages or loans
Support for loved ones through recovery or transition
Peace of mind knowing your future is secure
Having protection in place means you can focus on enjoying retirement — not worrying about what happens if your health takes a turn.
Why Work with Covered Life
At Covered Life, we specialise in helping Australians navigate insurance at every life stage.
For those over 60, we:
Compare senior-friendly insurers and benefit options
Explain eligibility clearly, without jargon
Review existing policies for value and coverage gaps
Support you through any claims, updates, or renewals
Our goal is to ensure you have protection that fits your lifestyle, health, and budget — no unnecessary extras.
General advice disclaimer: This content is general information only and does not consider your personal circumstances. You should obtain advice from a licensed insurance or financial professional before acting.
