Total & Permanent Disability (TPD)

Did you know that approximately four million people in Australia (18.5%) report having a disability?

What is Total & Permanent Disability (TPD) Insurance Cover?

TPD Cover pays a lump sum if you are totally and permanently disabled due to illness or injury.

If you could never work again and needed someone to look after you permanently, how would you manage? While there is little we can do to protect ourselves against the physical impacts of an injury or illness, we can protect ourselves and our families against the financial consequences.

TPD Cover protects your family’s financial security in the event of total and permanent disablement due to serious injury or illness.

You should consider TPD Cover if you:

• have a family or dependents
• have a mortgage or other debt
• would need to live on if you couldn’t work again
• don’t have savings to cover unexpected expenses, for example: medical bills
• have a business or business partners, are self-employed, or are a company director or key employee

What are the benefits of TPD Insurance Cover?

TPD Cover pays a lump sum to support you and your family financially in the event of total and permanent disablement due to illness or injury.

TPD Cover Premiums can be paid both inside and outside of superannuation. This means you have a choice of paying;

• from your own personal cash flow
• from your superannuation balance

How does TPD Insurance work?

Knowing how to choose the best insurance cover to protect your family in the event of permanent disablement due to illness or injury can be very confusing. However, seeking assistance to ensure you have a suitable level of cover to financially protect your family is important and can provide peace of mind.

An FAA Specialist will meet with you to evaluate your situation, answer your questions and based on your needs, they will then present you with the appropriate advice and suitable policy options to you. The cover that you choose should be sufficient to protect your family’s financial security.

Once you have selected your preferred Policy, our specialist team will arrange and implement the agreed level of cover and provide assistance with documentation and support throughout the entire process.

In the event that you become totally and permanently disabled due to illness or injury, you will receive a lump sum.

A TPD benefit is payable if:

• you suffer a loss of limbs or sight
• you suffer partial and permanent disability
• you suffer loss of independent existence or cannot perform activities of daily living
• you meet the TPD definition as applicable under your policy