Total & Permanent Disability

WellInsured_Total-&-Permanent-Disability

Total & Permanent Disability (TPD) cover provides a lump-sum payment if you become disabled and you are unable to work again. Some TPD plans will also provide payment for other seriously disabling situations, such as loss of sight.

A huge emotional strain is placed on a family to provide support to someone who may not be able to work again and requires full-time care. Money is the last thing you would want to think about when faced with a lifelong disability care.

Own vs Any occupation TPD?
An important feature of TPD is the ability to cover your ‘own occupation’ or ‘any occupation’.

With ‘own occupation’ cover you are generally determined to be totally and permanently disabled in the event that you are unlikely to be able to return to work in your regular job, even if you might be able to work in another occupation. This type of TPD cover is generally higher quality and not available for all occupations. As you may expect, premiums for ‘own occupation’ TPD cover are generally higher than ‘any occupation’ cover, the difference varies depending on things like your occupation, age, smoking status, gender, health and amount of cover.

With ‘any occupation’ cover you are generally determined to be totally and permanently disabled when you are permanently unable to work in any occupation.

Contact

Name
Email
Message

Yay! Message sent.
Error! Please validate your fields.

Disclosure WellInsured Pty Ltd ABN 99 606 950 663 trading as Well Insured. Well Insured Advisers are Authorised Representatives of Professional Investment Services Pty Ltd. ABN 11 074 608 558, an Australian Financial Service Licence holder (No 234951). PIS Licensee Information: centrepointalliance.com.au Telephone number 1300 557 598 Email address profinvest@cpal.com.au

Disclaimer The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services (PIS) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither PIS nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information. Financial Services Guide/Privacy Policy | Complaints Procedure

© Copyright 2015. Well Insured Pty Ltd. All Rights Reserved. Website by SHMarketing & Design. | Life Insurance & Income Protection