Total & Permanent Disability Insurance cover (TPD)
Total and Permanent Disability (TPD) - pays a lump sum benefit in the event of total and permanent disability as a result of sickness or injury.
Total and Permanent Disability cover is held in conjunction with Term Life cover and the Total and Permanent Disability amount selected cannot exceed your amount of Term Life cover.
Why is Total and Permanent Disability cover so important?
The inability to be able to ever work again can have serious financial consequences for you and your family. Having adequate cover in place can give you peace of mind, knowing that in the event of your total and permanent disability you will be ok financially and able to remain on track to achieving your financial goals.
How much cover is enough?
In the event of your total and permanent disability, you may want to ensure there is enough money to cover any unexpected medical or hospital bills, pay off all debts and provide you with an ongoing income stream. Remember in the event that you are unable to work, an Income Protection policy may only replace up to 75% of your income, so total and permanent disability cover can be used to top up any income protection benefit. To make an appointment to speak to a ClearView Financial Planner who can help you calculate the appropriate amount of cover for your needs or register at "Facts on Line" for your free access to a range of comprehensive Life Insurance calculators.
