Total & Permanent Disability Insurance

TPD insurance provides a lump sum upon medical confirmation that the insured person is totally and permanently disabled based on the definition provided in the policy document. This type of policy is generally sold as an additional benefit to term life insurance.

It is important to be clear about how the life company defines the total and permanent disability in the context of you being able to continue to work in your current capacity. This definition will assist in the selection of particular products for recommendation. Generally, in order to claim on TPD, you must be off work for at least six months and, in the opinion of the medical practitioners, unlikely to ever work again; or have irrecoverably lost the use of both eyes, legs, arms or one of each.

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