Total & Permanent Disablement (TPD)

Michael, 46, was paralysed after being involved in an accident which meant he was unable to continue working and had to undergo extensive medical procedures and therapy both in Australia and overseas. A TPD policy enabled Michael to repay his mortgage, make modification to his home, meet all his medical expenses and provide funds for an investment portfolio which provided an income stream to cover his family's day to day expenses.

With a TPD policy a lump sum will be paid if you are unable to work due to injury or illness for at least six consecutive months. You can also get cover for non-working spouses.

The amount insured is paid as either a lump sum or installments. It may be used to pay ongoing medical expenses, make necessary home modifications, or to hire home care services such as nursing, cleaning and cooking and the day to day expenses that quickly accumulate. It may also eliminate debts so that you can focus on a full recovery at your own pace.