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Total & Permanent Disability (TPD) Insurance
A serious and permanent illness or injury can change your life – and the life of your loved ones – forever. While income protection insurance provides a regular source of income, TPD insurance provides a lump sum payout, designed to enable you to pay off debt, cover medical costs and fund permanent changes to your lifestyle. The payment is usually made after the disability has been in existence for 6 months and your Doctor has certified that it is unlikely you will ever be able to return to work.
The definition of total and permanent disability varies from one insurer to another so it pays to understand exactly what events are covered by this type of insurance, what the claims process is, and how long you can expect to wait before you receive payment.
At Australian Global Life Solutions we’ll show you all the options so you get the best cover to suit your needs. Contact us today for an obligation-free chat about TPD Insurance.