How Does Total And Permanent Disability Insurance Work?

It’s easy to overlook the expenses that may add up if you were to suffer a catastrophic event that left you permanently disabled.

TPD policies provide a lump sum payment that make the adjustments required to cope with catastrophic changes less of a financial burden.

TPD will pay a predetermined amount if a doctor says you’re unlikely ever to be able to work again. It’s not the same as Income Protection, and is paid in conjunction with that cover.

The good news is, it generally doesn’t cost a lot to attach TPD cover to your life insurance – and it can be paid from your super, if you choose.