Total & Permanent Disability cover pays a lump sum if you suffer a permanent disability (according to the policy definitions) that prevents you from working. Payments are generally not made until the disability has been evident for a period of 6 months, and until the insurer deems that you are unlikely to work again.

TPD benefits are often used to eliminate debt, pay for medical expenses or fund and permanent changes to your lifestyle that are necessary as a result of your disability.

Do I need Income Protection if I have TPD?

The answer is definitely YES. TPD will only payout if you are totally and permanently disabled from working. Income Protection will pay you a benefit if you cannot do any one of your duties and not working more than 10 hours per week (depending on policy definition).

Income Protection will allow you more opportunity to receive a claim payment!

To find out how to protect your loved one request a free insurance quote.