Total and Permanent Disability (TPD) Insurance

INSURANCE GUIDE TO LIFE STAGE

TPD insurance is designed to pay a lump sum upon proof of the insured being totally & permanently disabled, according to the policy definition, with the proceeds going to the policy owner.  The proceeds are generally tax-free in the hands of the policy owner.

The lump sum payment can be used to repay debts and to provide for you and your family's ongoing expenses.

It’s a good idea to have a chat to our financial adviser who can help you to assess your future financial needs if the worst happens and you need to call on your insurance.  While you may have life insurance and TPD as a default option as part of your superannuation accounts, it is important to understand what exactly you are covered for and whether it suits your circumstances and requirements.  This will ensure that you are protected properly and that you will be financially secure if something happens.

Did you know that you can also purchase TPD insurance for other family members and even friends?  That means you can help protect all of your loved ones from financial catastrophe if they’re not in the position to take out their own cover.  Your financial adviser can help you with more information.