Total & Permanent Disability Insurance
What is Total & Permanent Disability Insurance?
Total & Permanent Disability Insurance (TPD) can be purchased optionally within a life insurance policy and covers you against a disability occurring from illness or injury. A claim is usually paid as a cash lump sum. The amount of cover is normally limited to the amount of life cover purchased, although you can purchase additional standalone TPD cover separately. The cost of TPD cover will be higher if you work in an occupation which requires manual work. Commonly claimed TPD conditions are back injuries and mental illnesses.
Why use Total & Permanent Disability Insurance?
Total & Permanent Disability Insurance is a must have to cover against serious injury. This cover will provide you with a lump sum that can help to pay for medical costs or to pay off debt. This will all help in you making a speedy recovery.