Total & Permanent Disability Insurance

Protect you and your family against the unexpected with Total and Permanent Disability (TPD) Insurance.

What is Total and Permanent Disability Insurance?

Total and Permanent Disablement (TPD) Insurance is like your financial back-up plan. It’s designed to help take the pressure off you financially if you suffer an illness or injury that leaves you totally and permanently disabled.

What does TPD Insurance provide?

It provides a lump sum payment in the event you suffer an illness or injury which totally and permanently prevents you from working again. The lump sum benefit paid is often used to eliminate debts, pay for medical expenses or fund permanent lifestyle changes.

TPD Definitions

• Own occupation

  The insured must show they have a total and permanent disability that prevents them from working in their own occupation which they disclosed when applying for this cover.

  ‘Own Occupation’ is a more liberal definition of disability because, even if you can work in another occupation, you may still be eligible to receive disability benefits.

  Own occupation coverage is often more expensive, and may only be available to individuals who have a clean medical history and work in a relatively risk-free occupation.

• Any occupation

  The insured must show that they are totally and permanently disabled and unable to work in their usual, or any other occupation for which they are reasonably suited by their education, training or experience.

‘Any Occupation’ is often the cheaper option, however it can be more difficult to meet the requirements of this type of disability definition.

Maintain your quality of life

TPD insurance can provide a lump sum benefit which can be used in many ways, such as: helping to pay for recovery and rehabilitation costs, refitting your home, enabling a partner or family member to reduce their work hours to care for you paying for a professional carer, providing much-needed funds to repay debts, and creating an ongoing income stream for the future.

Protect you and your family against the unexpected. Find out more about TPD Insurance today.