Protect your future with Total & Permanent Disability Insurance
An unexpected event can change your life forever. If illness or injury prevents you from ever working again, Total & Permanent Disability (TPD) Insurance provides the financial support needed to maintain your lifestyle and cover essential costs.
At Abbotts, we help you find tailored TPD insurance solutions that align with your financial goals. With our independent guidance and access to a range of trusted providers, we ensure your policy offers comprehensive protection and peace of mind for the road ahead.
What is Total & Permanent Disability Insurance?
TPD insurance provides a lump sum payment if you become permanently disabled and can no longer work. This financial safety net helps you adjust to a new reality, ensuring you can manage ongoing expenses and protect your family’s financial wellbeing.
At Abbotts, we understand that no two situations are the same. That’s why we work with you to find a TPD insurance policy that reflects your individual needs, offering both flexibility and security.
Why TPD insurance matters
No one plans for a life-changing disability, but being prepared can make all the difference. TPD insurance ensures you have the financial resources to adapt to unexpected circumstances without compromising your family’s stability.
Key reasons to consider TPD insurance:
- Financial security when you need it most: The lump sum payment helps cover debts, medical bills, and day-to-day expenses.
- Debt relief: Pay off large financial commitments, such as mortgages or personal loans, to ease financial pressure.
- Support for long-term care: Use the benefit to fund ongoing medical treatments, rehabilitation, or necessary home modifications.
- Lifestyle protection: Maintain your standard of living and ensure your family’s financial needs are met.
- Flexibility for the future: With tailored policies, TPD insurance can adapt to your financial priorities and evolving needs.
By planning ahead, TPD insurance allows you to focus on recovery and adjustment, knowing that your financial future is secure.
How Abbotts can help
At Abbotts, we specialise in guiding clients through the complexities of TPD insurance. Our team takes the time to understand your unique circumstances, providing personalised advice and ongoing support to ensure your coverage aligns with your broader financial strategy.
Here’s how we can support you:
- Tailored recommendations: We work with a range of providers to find a policy that suits your financial goals and personal situation.
- Exploring coverage options: Whether you need “own occupation” or “any occupation” coverage, we’ll help you understand the differences and choose the best fit.
- Integrated financial planning: We ensure your TPD insurance complements other elements of your financial strategy, including superannuation and retirement planning.
- Proactive guidance: Our advisors provide ongoing advice, helping you adjust your policy as your circumstances and priorities evolve.
Our expertise ensures that your TPD insurance policy provides the protection you need, offering clarity and confidence for the future.
Frequently Asked Questions
TPD insurance provides a lump sum payment if you’re permanently disabled and unable to work again. The benefit can be used to cover debts, medical expenses, and daily living costs.
“Own occupation” provides coverage if you can no longer work in your specific job, while “any occupation” covers you if you’re unable to work in any capacity. “Own occupation” tends to offer broader protection, but it may come with higher premiums.
Yes, TPD insurance can often be arranged through your superannuation fund. We’ll help you evaluate whether this option aligns with your financial goals and circumstances.
The payment amount depends on the coverage level you select. Our advisors will help you determine the right amount to protect your financial future.
Generally, premiums for TPD insurance outside of superannuation are not tax-deductible, but tax treatment varies. We can provide specific guidance for your situation.
Most working individuals are eligible for TPD insurance. Our team will assess your eligibility and guide you through the application process.
Protect your financial future with Abbotts
Protecting your future is one of the most effective ways to ensure financial security during life’s challenges. At Abbotts, we’re dedicated to helping you navigate the complexities of TPD insurance and find a policy tailored to your needs.
Contact us today to speak with a trusted advisor and explore how Total & Permanent Disability Insurance can safeguard your financial wellbeing.
