Total & Permanent Disability

Total & Permanent Disability (TPD) as its name suggests, requires you to be totally and permanently unable to return to work. If you were to suffer from such a condition you would be left significantly disadvantaged due to the loss of capacity to earn an income. This sum could be utilized for any number of reasons, be it home modifications, medical expenses, eliminate debts or to supplement your lost income.

Case Study

For 52 year old site manager Jack, rugby was a family tradition. Like his father and his grandfather before him, Jack had shown promise as a junior player - until a serious knee injury sidelined his professional hopes for good. Still an enthusiast though, his efforts now focussed on cheering his two teenage sons' school teams.

Over the past few years, Jack had been waking to increasing stiffness and pain in his foot and wrist. Assuming it was simply the wear and tear of a physically demanding job, Jack wasn't particularly concerned. That is, until one morning when he realised he couldn't move from his bed.
Jack's doctor diagnosed him with rheumatoid arthritis. Because he met the "Own Occupation" definition, under his Total and Permanent Disability Cover, his insurance company paid him the $1,150,000 for which he was insured.

This money allowed Jack to pay for his medication, physiotherapy and sons' school fees, and eliminate the mortgage entirely. It also meant his family had enough money to live on while he went to TAFE full time to study sport administration.

The information is general in nature and may not be relevant to your individual circumstances. You should refrain from doing anything in reliance on this information without first obtaining suitable professional advice. You should obtain and consider a Product Disclosure Statement (PDS) before making any decision to acquire a product.