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Insurance FAQ's What is Permanently Unable to Work cover?
Insurance FAQ's What is Permanently Unable to Work cover?
Insurance FAQ's
| What is Permanently Unable to Work cover? |
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Permanently Unable to Work Insurance is also known as Total and Permanent Disability or Disablement (TPD) Insurance. It provides a lump sum payment in the event of sickness or injury that results in the inability of the life insured to ever be able to work again. In addition to providing for the reduction of debts, Permanently Unable to Work Insurance replaces income that has been lost as a result of the permanent inability to work. You could use the benefit payment to provide for medical treatment or ongoing care or to pay for any home modifications that are required as a result of your disability. You must be between the ages of 16 and 55 to apply for Permanently Unable to Work cover and it is guaranteed renewable to age 65. |
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Readers should only act on information after having received professional advice appropriate to their personal circumstances. Read Full Disclaimer
Associated Financial Planners Pty Ltd (the authorising licensee) or any related companies will not be held responsible for the merits of this advice to your circumstances.
Readers should only act on information after having received professional advice appropriate to their personal circumstances. Read Full Disclaimer