"I'm protecting myself and my family against the financial burden of acquiring a disability."

"I'm protecting myself and my family against the financial burden of acquiring a disability."

TPD Insurance

I’m planning for the unexpected.

Total and Permanent Disablement (TPD) cover provides a Lump-Sum payment if suffer a long term disability that prevented you from working.

What is TPD cover?
TPD cover provides a lump-sum payment if you become disabled and you are unable to work again. TPD plans will also provide payment for other seriously disabling situations, such as loss of sight. You should check the relevant PDS to see if you are covered.
Why would I need it?
A huge emotional strain is placed on a family to provide support to someone who may not be able to work again and requires fulltime care. Money is the last thing you would want to think about when faced with a lifelong disability.
How much will it cost?
Your insurance premium will be based on a range of factors such as your age, smoking status, gender, occupation, health and the amount of cover you choose. Your financial adviser will develop a plan to suit your budget.
What do I need to think about when deciding which plan is right for me?
An important feature of TPD is the ability to take out cover for your ‘own occupation’ or ‘any occupation’. With ‘own occupation’ cover you are determined to be totally and permanently disabled when you are no longer able to work in your regular job, even if you might be able to work in another occupation. You might consider this cover if you work in a specialised field. You also pay an increased premium to take out ‘own occupation’ TPD cover. With ‘any occupation’ cover you are determined to be totally and permanently disabled when you are no longer able to work in any occupation.
Can I just rely on my superannuation benefits?
You may have Life and TPD cover through your super fund. If so, make sure you have enough cover and that the type of cover is appropriate for you. Talk to your financial adviser about whether having your Life and TPD cover in super is the right option for you. There are some things to think about like tax considerations, and how and when benefits will be paid.
How do I apply?
When you apply for Life cover and/or TPD cover with an insurance company they will require you to answer a number of questions about your occupation, health, pastimes and hobbies. They ask this to assess how much risk there is in providing you with cover.
Couldn’t I receive a disability pension?
If you become seriously disabled, receiving a disability pension from the government would provide you with some assistance. You may find that this isn’t enough to maintain your standard of living.
What is TPD cover?
TPD cover provides a lump-sum payment if you become disabled and you are unable to work again. TPD plans will also provide payment for other seriously disabling situations, such as loss of sight. You should check the relevant PDS to see if you are covered.
Why would I need it?
A huge emotional strain is placed on a family to provide support to someone who may not be able to work again and requires fulltime care. Money is the last thing you would want to think about when faced with a lifelong disability.
How much will it cost?
Your insurance premium will be based on a range of factors such as your age, smoking status, gender, occupation, health and the amount of cover you choose. Your financial adviser will develop a plan to suit your budget.
What do I need to think about when deciding which plan is right for me?
An important feature of TPD is the ability to take out cover for your ‘own occupation’ or ‘any occupation’. With ‘own occupation’ cover you are determined to be totally and permanently disabled when you are no longer able to work in your regular job, even if you might be able to work in another occupation. You might consider this cover if you work in a specialised field. You also pay an increased premium to take out ‘own occupation’ TPD cover. With ‘any occupation’ cover you are determined to be totally and permanently disabled when you are no longer able to work in any occupation.
Can I just rely on my superannuation benefits?
You may have Life and TPD cover through your super fund. If so, make sure you have enough cover and that the type of cover is appropriate for you. Talk to your financial adviser about whether having your Life and TPD cover in super is the right option for you. There are some things to think about like tax considerations, and how and when benefits will be paid.
How do I apply?
When you apply for Life cover and/or TPD cover with an insurance company they will require you to answer a number of questions about your occupation, health, pastimes and hobbies. They ask this to assess how much risk there is in providing you with cover.
Couldn’t I receive a disability pension?
If you become seriously disabled, receiving a disability pension from the government would provide you with some assistance. You may find that this isn’t enough to maintain your standard of living.

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Any advice provided by TIME Partners and TIME Insurance Solutions detailed above is provided independently of TIME Wealth Protection and our Licensee, Charter Financial Planning. Neither TIME Wealth Protection, nor Charter Financial Planning take any responsibility for any actions or service they provide.

"I'm deciding whether to save or invest..."

Financial Planning and SMSF
with Roy Mcleod

"I'm protecting my business assets..."

Business and Asset Protection
with Trudy-Ann King

Any advice provided by TIME Partners and TIME Insurance Solutions detailed above is provided independently of TIME Wealth Protection and our Licensee, Charter Financial Planning. Neither TIME Wealth Protection, nor Charter Financial Planning take any responsibility for any actions or service they provide.