A Financial Services Partners Adviser can help assess how Total and Permanent Disability (TPD) insurance can help you protect what is important.
What is Total and Permanent Disability (TPD) insurance?
TPD insurance provides a lump sum payment, or equivalent instalments, if you become permanently disabled (as defined in the policy). Generally, a permanent disability means you cannot work in your current occupation or a job you have trained or studied for, or previously worked in. It is important to read the fine print because various definitions apply to TPD insurance. Your financial adviser is the best person to help you decide what options are best for you.
What kind of goals can TPD insurance be used for?
TPD insurance can provide you with a lump sum of money to help eliminate debt, pay for treatment and maintain your living expenses while you focus on adjusting to what may be a very different lifestyle. It is relevant for people with dependants - especially if only one spouse earns an income. It is also important for people with mortgages and other significant debts which they would not be able to pay with their savings alone.
Your Financial Services Partners Adviser can determine if TPD insurance is right for you, after they consider your needs and objectives. They can also determine which other wealth protection strategies can best meet your needs.
Talk to us about how Total and Permanent Disability (TPD) insurance might work for you