Total & Permanent Disability Insurance

Total & Permanent Disability Insurance advice Sunshine Coast

Total & Permanent Disability Insurance

Total and Permanent Disability (TPD) Insurance provides a tax-free lump sum payment if you become permanently disabled due to accident or illness, and are unable to work.

You can use a TPD payment however you wish: for medical services and treatments, ongoing care at home, or to cover living costs and household expenses so you can focus on your health.

An example

Russell suffered a stroke at work when he was 34 and his doctors determined he was unlikely to ever be able to work again. Under his TPD cover, he received $593,296, which he decided to use to pay off his mortgage and make some modifications to his home. He also invested some of the benefit payment and used this investment income to cover living expenses and ongoing rehabilitation costs.

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