How can TPD insurance help you protect your family’s future?

Total and Permanent Disability (TPD) insurance pays out a tax-free lump sum if you are disabled and either can’t go back to work, or can’t work in your usual occupation.


Why a lump sum? Because it helps you deal with the short-term trauma and the long-term worry. Part of the payout can be put toward immediate medical expenses, rehabilitation and care along with the cost of modifications to your home and lifestyle.

The balance could be invested to meet your long-term needs or used to pay our major debt, helping put your future money worries to rest and reducing the need to dip into your savings or investments.

Total and Permanent Disability (TPD) cover is often highly valuable for a partner who does not go to work. In fact IFSA has suggested that unpaid house work is worth an equivalent of a $70,000 salary. The work done in the home can be crucial to the family balance sheet and many TPD insurances offer domestic duty cover as well.


Total and Permanent Disability Insurance offers you and your dependants some highly valuable features:

  • It can be packaged with a life insurance product
  • You can generally choose the cover definition that best suits you, such as, “own occupation”, “any occupation” or “domestic duties”.
  • You can generally apply for a specified amount of insurance. Your financial adviser can help you and your family decide on how much cover you will need.