Life insurance & TPD
Disclosure, underwriting, and what a prescription does to a claim.
- Do I have to tell a life insurer about my prescription?The law is settled
Yes. Since 1 January 2021 a consumer applying for insurance owes a statutory duty to take reasonable care not to make a misrepresentation, and a prescribed medicine is squarely ins
- Which Australian insurers accept medicinal cannabis patients?There is no law on this
No insurer publishes a cannabis policy, and no law requires one to. Underwriting turns on the condition being treated, not the medicine treating it which is why two applicants on t
- Does my prescription affect a TPD claim?Clear law, contested application
It is evidence, not a disqualifier. A prescription helps prove the severity and treatment history of your condition, and can equally be used to argue your condition is being manage
Last checked: DRAFT — never verified