TPD insurance cover or protection strategy to give a lump sum benefit if you become totally permanently disable and unable to work due to illness or accident.
Life is full of uncertainty; an accident or sudden illness can change everything in your life. Most importantly, your financial circumstances and lifestyle can be impacted significantly if those events happen.
Often, it may not seem very clear to take both life insurance and TPD cover. Remember, life cover mainly pays the benefit to your nominee when you will be no more around. However, TPD will help continue your life if you become permanently disabled due to sickness or injury. It is life protection that underpins and help support you to fulfil the financial commitments. TPD cover can help to settle any outstanding mortgage, medical and other living expenses because of permanent disability caused by illness or injury.