Total & Permanent Disability Insurance
If you’re the main income earner in your household, have you thought about what would happen to your family in the event that you were unable to ever work again due to being totally and permanently disabled? It’s worth considering taking out Total and Permanent Disability Cover which pays out a lump sum if a total and permanent disability prevents you from returning to work.
About TPD
Life insurance can be relevant to anyone at any stage of life – whether you are single, married, or a family. It all depends on your financial and debt situation, family or business obligations. If you’re a parent, you can ensure that the mortgage and your children can still be looked after.
As a couple you might want to secure the retirement plan of your partner, or if you’re taking out your first mortgage this is often a key time to consider life insurance. And life changes constantly, so even a simple home renovation could be a good time to reassess how much life insurance cover you need.
Total and Permanent Disability cover (TPD)
While for most people the early death of an income earner would cause serious financial strain for those left behind, the financial impact would be just as serious if that income earner becomes totally and permanently disabled and unable to work for the rest of their life. In some cases, the hardship experienced would be even more profound as ongoing daily living and medical costs for the disabled person could be significant.
Total and Permanent Disability Cover ensures you will receive a cash lump sum if you become totally and permanently disabled – and therefore unable to work – through injury or illness.
Please contact us for further information about this product.
