"Just because you can no longer work doesn't mean you have to stop supporting yourself and your family. TPD cover is about ensuring that you retain as much quality of life as possible"
What is TPD Insurance?
TPD Insurance will pay a lump sum benefit if you become totally and permanently disabled. A partial benefit may also be payable if you become partially and permanently disabled.
Why do I need TPD Insurance?
The purpose of TPD Insurance is to ensure your financial future is rosy, even if your health is not. A lump sum TPD benefit may help you continue supporting your family, even if you are no longer able to work. It may also allow you to receive the ongoing medical care you require.
How much TPD Insurance do I need?
The amount of cover required depends on your personal circumstances. Generally, it is desirable to ensure you:-
- cover your debts
- meet the costs associated with medical care and rehabilitation
- provide capital to meet your family's living expenses
- provide funds to allow a family member to cease working to care for you; OR provide funds for home nursing care
- provide funds for home and motor vehicle modifications eg. to permit wheelchair access
- provide for your childrens education
- meet any future commitments you may have eg. purchase a home or vehicle for your family
We are able to assist you in determining the level of cover you require.
