Life insurance & TPD
Part of Your money
Life insurance, TPD and income protection: when you must disclose a medicinal cannabis prescription, what underwriters ask, and what it means for 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. But 'commercial decision' is not the end of the sentence: where the decision is made on the ground of a disabili
- Does my prescription affect a TPD claim?Clear law, contested application
It is evidence, not a disqualifier — and there are two decisions, not one. The insurer applies the policy's TPD definition. The trustee separately has to be satisfied of permanent
Status: not yet checked against primary sources — general information, not legal advice