Total and Permanent Disability Insurance
30 November 2020

Purpose: TPD Insurance pays a tax free lump sum payout should the insured become totally and permanently disabled and unable to work. TPD Insurance can be held inside or outside superannuation.

Why should you have it? To provide for your family/loved ones in the event of total or permanent disability. TPD Insurance typically would make provisions for the following: repay outstanding debts, children’s current/future education costs, replacement income and provide for medical bills/ongoing cost of care.

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