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A TPD payout is not the end of the process

A total and permanent disability claim can provide a major financial lifeline, but the payout is only the start of the next set of decisions.

In this solo episode of The Winner’s Playbook, Billy breaks down what people need to understand before and after making a TPD claim.

He explains how TPD insurance works, why claims can be complex, the difference between own occupation and any occupation definitions, and when it may make sense to use a claims advocate, financial adviser or lawyer.

Billy also unpacks what happens when a TPD payout lands in super, including lump sum withdrawals, income streams, tax, Centrelink, income protection, and the uplift of the tax-free component.

To make it practical, Billy walks through a real client case study showing how a TPD payout was structured to reduce financial pressure, create ongoing income and keep long-term planning in place.

If you have TPD cover, are going through a claim, or want to understand how insurance payouts work inside super, this episode is worth a listen.

⏱️ Timestamps:
00:00 Intro
00:59 Billy’s solo episode on TPD claims
02:53 What is TPD?
05:14 What to do before making a claim
07:25 Should you get help with a TPD claim?
09:48 What happens once a claim is approved?
13:49 Tax and the uplift of the tax-free component
19:51 Real client case study

Hit follow, leave a review, and share this episode with someone who wants to better understand TPD claims, super and insurance planning.

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Get in touch with Josh:
https://www.linkwealth.com.au/josh-lee-link
Get in touch with Billy:
https://www.linkwealth.com.au/billy-norman-link

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General advice disclaimer: The information contained within this podcast is general in nature and does not take into account your personal circumstances. Please reach out if you wish to discuss your personal situation.