Life & Total Permanent Disability Insurance

Life & Total Permanent Disability (TPD) Insurance provides financial protection for you and your family. Life Insurance pays a lump sum of three times your annual base salary to your nominated beneficiary if you die. TPD pays a lump sum of three times your annual base salary to you if you are totally and permanently disabled and unable to work again. It’s offered as a component of Adobe’s superannuation plan through BT. This is provided by Adobe at no cost to you if you have a minimum account balance of AUD 2,500.

While there is no maximum on how much is covered, you will need to go through medical underwriting if three times your annual base salary exceeds AUD 1.2 million. If you fail the medical underwriting, then the coverage is capped at AUD 1.2 million.

Considerations

  • Because this is offered through BT, you must first open a BT account in order to have the Life & TPD Insurance.
  • Don’t forget! Always keep your beneficiaries up to date. You can update your beneficiaries on BT Online or alternatively by completing the Beneficiary Nomination Form [PDF].