TPD Insurance is also known as Total Permanent Disability Insurance.
Total Permanent Disability Insurance provides you and your family financial protection if you suffer from an injury or illness that leaves you totally and permanently disabled.
Lump sum payments are made, which in the event of a permanent injury, can assist with debts or pay medical bills and expenses. TPD cover can also help create a new lifestyle that may require permanent support such as elevators or wheelchair access.
For example: If you are a professional football player and injure your foot, you would receive payment under the cover of “your own occupation” as opposed to “any occupation”. This is because you are more than likely able to work in another occupation with your skills and experience.
Our Job is to help you select the right cover for your situation. We recommend you visit the ASIC’s Money smart site for more information on TPD Insurance.
TPD insurances comes in many variations and they all affect the overall cost. Some of the factors that will impact the premium is:
Other factors to consider can be your current medical situation and medical history. We will assess your situation and make sure you have the right cover that is relevant and covers what you need in case you become disabled at work.
The Total Permanent Disability Insurance can be purchased as:
It is very important for you to know that should you suffer a debilitating illness and are unable to work, you are covered and can continue a safe life with less financial stress.
It’s never too late to get TPD insurance or set financial goals. Our friendly staff in Ipswich and Brisbane will make the process easy for you.