What is Total and Permanent Disability Insurance (TPD)

Protect your financial future with Total Permanent Disability insurance or TPD. In the face of unexpected accidents or illnesses that leave you permanently unable to work, TPD cover provides a lump sum benefit to safeguard your financial commitments. Ensure your loved ones are taken care of and settle any outstanding mortgage or medical expenses with the protection of TPD cover.

Don’t leave your future to chance – secure your peace of mind today. Protect your future with Total Permanent Disablement cover income protection. Life is unpredictable, and an accident or illness can leave you unable to work. In such circumstances, TPD cover provides a crucial safety net, offering a lump sum benefit that can help you maintain financial stability.

While life insurance provides for your loved ones after you’re gone, TPD cover ensures your own well-being in case of permanent disability. It’s a vital protection that can help you settle outstanding debts and cover medical expenses if you are unable to work due to total permanent disability. Secure your financial commitment and peace of mind with TPD cover today.

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Who can apply for Total Permanent Disability Insurance

You are eligible to apply for TPD Insurance if you are:

An Australian citizen or permanent resident or
A New Zealand citizen residing permanently in Australia
And aged between 18 to 74

What’s included in Total Permanent Disability Insurance

Understanding the Importance of Total Permanent Disability Insurance

Similar to life insurance, there are different options available in total permanent disability insurance. Such as:

Accident Cover – Pays a lump sum benefit which is the insured amount if you become permanently disable and unable to work due to accident.

Illness Cover –Pays a lump sum benefit if you diagnose illness or disease and permanently disable or unable to work.

How to Structure Total Permanent Disability Insurance

Structuring the Total Permanent Disability Insurance policy is little complicated and depends on your needs and priorities. The following points should be considered for a TPD policy:

Own or Any occupation option: A Total Permanent Disability Insurance policy can either have Own or Any occupation option. The payment of insurance claim may majorly depend on satisfying these options. Therefore, it’s crucial to understand these two terms and their implications to structure the policy.

Definition of TPD: It widely varies from insurer to insure. You must understand the definition before taking any cover.

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Linked Policy or Stand Alone: You can also link the TPD with Life insurance policy or take a stand alone TPD. Both have pros and cons and may impact the premium.

There are other aspects of TPD insurance which are important to structure the policy. Our financial advisor can help you to understand and find a suitable TPD policy.

Who receives Total Permanent Disability Insurance Benefits

The idea of TPD cover is to protect you financially if you become permanently disabled. The benefit amount is for you to pay off personal debt, home loan or medical expenses. There are other types of personal insurances available to look after your day to day expenses.

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How much will Total Permanent Disability Insurance cost

The cost of TPD insurance or premium depends on various factors such as age, gender, occupation, cover amount, health condition, etc. Your policy premium will also depend on how you want to structure it.

Our insurance advisor can help to calculate the cover amount and find and select the TPD options that best suit your objective.

Find out your suitable TPD insurance policy option and comparison.

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Our Trusted Insurance Advisor Can Help You

TPD policy is complex in nature. We have the tool to access the top Australian insurers. Our trusted financial advisor can find and help to structure the policy that ultimately helps when you need it the most. We help you in:

Understanding the TPD definition of the insurers and option to select to meet your need and objective
Comparing and choosing suitable TPD insurance and an adequate amount of cover
Completing the application process and all other paperwork to save your time
Negotiating with the insurer to save your best interest
Following up with the insurer until your TPD insurance policy is in effect
Reviewing the TPD insurance policy if your circumstances have change

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Total Permanent Disability (TPD) Insurance