Financial Goals
Total & Permanent Disability (TPD)
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TPD - This pays a lump sum in the event of you being Totally & Permanently Disabled. In some case a partial payment is available.
Am I bullet proof, could I end up living the rest of my life in a wheel chair?
If a person is totally and permanently disabled, they may not be employed again. TPD is designed to help meet one-off and ongoing living expenses, as well as cover special expenses such as medical and rehabilitation costs
To receive a TPD insurance benefit, you must satisfy specific criteria to establish the genuine nature and extent of the disability (this can vary between insurers). These criteria usually include a range of permanently disabling conditions specified in the policy, such as paraplegia, as well as more general criteria relating to your total and permanent inability to work.