TPD & Trauma Insurance for Seniors: Staying Protected Beyond 60
Just because you’re over 60 doesn’t mean you stop needing protection. Many Australians in their 60s and early 70s are still working, managing investments, or helping their families financially.
That’s why Total and Permanent Disability (TPD) and Trauma Insurance can still be valuable — providing financial support if you’re affected by serious illness, injury, or disability.
At Covered Life, we help older Australians secure simple, flexible protection designed for their lifestyle — so they can focus on enjoying the years ahead.
TPD Insurance After 60
TPD Insurance pays a lump sum if you become permanently unable to work due to injury or illness. Even if you’re semi-retired, this cover can still help protect your lifestyle and independence.
The benefit can be used for:
Medical and rehabilitation costs
Home or vehicle modifications
Paying off debt or a mortgage
Funding long-term care or early retirement
Many insurers now offer TPD cover up to age 65 or 70, especially for Australians who remain active in the workforce.
Trauma Insurance for Later Life
Trauma Insurance (also called Critical Illness Cover) provides a lump sum payment if you’re diagnosed with a major condition such as:
Heart attack
Stroke
Cancer
Organ failure
The payout can help with medical expenses, home adjustments, or living costs while you recover.
Even if you’re financially comfortable, trauma insurance helps protect your savings — giving you the freedom to focus on your health, not your bills.
Holding Cover Inside or Outside Super
You can hold TPD insurance inside your super fund, though trauma cover must be held outside due to regulations.
Holding insurance within super can make premiums more affordable, while personal policies often provide broader coverage and faster claim access.
A Covered Life specialist can help you understand the differences and make a well-informed decision — without personal financial advice.
How Seniors Use Their Cover
A 63-year-old self-employed consultant suffers a heart attack and uses her trauma payout to fund recovery and pay her mortgage.
A 67-year-old builder receives a TPD benefit after a permanent back injury, allowing him to modify his home and retire comfortably.
These real-life examples show how the right protection provides financial stability and independence — even later in life.
Why Covered Life Is Different
We believe retirement should come with freedom — not financial fear.
Our team supports older Australians with compassion, transparency, and expertise.
With Covered Life, you’ll get:
Access to Australia’s top senior-friendly insurers
Clear explanations of TPD and trauma definitions
Policy options that suit your work and health status
Ongoing support at every stage
We make protection simple, affordable, and stress-free.
General advice disclaimer: This information is of a general nature only and does not take into account your individual objectives, financial situation, or needs. Always seek independent advice before purchasing insurance.
