Total & Permanent Disability (TPD) Insurance
If a person is totally and permanently disabled, they probably won't ever be employed again in the work they are qualified to do, or for that matter, any type of work.
TPD insurance pays a lump sum benefit for total and permanent disability due to illness or injury. It is designed to help meet one-off and ongoing living expenses, as well as covering special expenses like medical and rehabilitation costs and home alterations.
To obtain benefits from TPD insurance, you have to satisfy specific criteria to establish the genuine nature and extent of the disability (this can vary between insurers). These usually include a range of permanently disabling conditions specified in the policy, such as paraplegia, as well as more general criteria that relate to your total and permanent inability to work.
TIO Financial Planning can help.
If you want to know more about protecting your lifestyle with TPD Insurance and whether it is suitable for your circumstances Contact TIO Financial Planning.
Territory Insurance Office is an Authorised Representative of Financial Wisdom Limited
ABN 70 006 646 108 AFSL No. 231138
* It is important to understand that this information is of a general nature only. It has not been prepared taking into account your particular investment objectives, financial situation or particular needs. You should seek our advice or the advice of another financial adviser before making any decision on the basis of this information.