Advising, managing and assisting you through the claims process – we offer far more than your average broker.
While we can’t control the unknown, we can control financial risk and exposure. Total and permanent disability (TPD) insurance provides a financial safety net for unforeseen events and helps to cover the cost of rehabilitation, debt repayments and future cost of living.
Despite the facts, most of us like to think we’re indestructible, that terrible accidents or debilitating diseases are things that happen to other people. Common sense and statistics tell us that this isn’t true. A serious injury or illness can make it difficult or impossible for you to continue to work. If this happens, you will need to find a way to support yourself and your family.
Total and Permanent Disablement (TPD) Insurance pays out a lump sum payment if you’re permanently unable to work and you meet the relevant requirements of your policy.
When considering Total & Permanent Disability (TPD) insurance, be wary of promotions offering cover with no medical checks. This type of cover is often very limiting (which is why it is cheap). Further, definitions of total and permanent disablement vary between providers, so it is essential to get professional advice.
Importantly, do not confuse TPD Insurance with Trauma Insurance. Trauma Insurance pays you if you suffer a critical illness or traumatic event, while TPD Insurance pays you if you become totally and permanently disabled.
To find out more call (02) 8268 2900 and speak to one of our Advisors, obligation free.
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