Total & Permanent Disability Insurance

What it does for you

This type of insurance product has been growing in popularity. Also, called simply TPD, this policy may often be taken out as an extra on your life insurance. The most usual purpose of TPD is to provide a lump sum payment if one is to suffer from some type of accident or illness that leaves them unable to continue in their usual occupation, or permanently disabled for purposes of working in that occupation.

Choosing a TPD that is right for you

Claims for TPD may only be made once, as a general rule for most products. When choosing the appropriate cover for you, you will also have to consider any impact a TPD payout may have on life policy that you are also taking out. TPD terms of coverage, price and affect on life policy differ from company to company. An adviser qualified in risk insurance will be able to assist you to choose the most appropriate insurance cover, and combination of insurance cover for you and your family.