Total & Permanent Disability Insurances

A serious injury or illness can make it difficult or impossible for you to continue to work. If this happens, you will need to find a way to support yourself and your family.

 

Total and permanent disability cover is almost always purchased together with life cover and can provide a financial safety net if you get a serious injury or illness that stops you from working.

 

Total and permanent disability (TPD) insurance provides cover if you are totally and permanently disabled.

Your insurer will define TPD as either when you:

 

  • You can't work again in any occupation, or

  • You can't work in your usual occupation

 

TPD insurance helps cover the costs of rehabilitation, debt repayments and the future cost of living.

Each insurer has different definitions of what is and isn't considered to be totally and permanently disabled. Being off work for a year is NOT 'permanently disabled'.

© 2016 By Australian Financial & Insurance Services Pty Ltd. Lic. No 235 369

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*Disclaimer

Any advice in this publication or website is of general in Nature only and has not been personally tailored to your circumstances objectives or expected outcome, please seek personal advice prior to acting on this information or please contact Australian Financial & Insurance Services Pty Ltd.

© 2016 By Australian Financial & Insurance Services Pty Ltd. Lic. No 235 369