TPD Insurance
TPD Insurance
Total and Permanent Disability (TPD) Insurance Packages
What Is TPD Insurance?
Total and Permanent Disability (TPD) insurance provides financial security through paying a lump sum if you cannot work permanently due to injury or disability. A consultation with K Partners insurance advisers can provide insights on how TPD insurance can offer financial protections in case of injury or disability.
There are multiple benefits to TPD insurance coverage. Previously, clients have used these payments towards:
- Paying out existing debt
- Providing funds to undertake medical treatments
- Providing an ongoing income stream if required
How much Total and Permanent Disability (TPD) Insurance Do You Need?
How K Partners Accountants & Financial Advisers Can assist with Your TPD Insurance Questions
TPD insurance provides a level of protection and security against unforeseen circumstances that can have dramatic impacts on financial freedom and earning capacity.
K Partners Accountants & Financial Advisers offer the following benefits with each insurance plan or package:
All above information is not based on your personal goal, objectives or circumstances. The information is only provided as an indicative tool and have pre-set general parameters that may not be suitable for you. You should seek personal financial advice before acquiring any insurance products to ensure it is appropriate for your needs. The K Partners financial planning team provides personalised insurance advice.
General information regarding Total and Permanent Disability insurance:
- Total and Permanent Disability insurance is generally paid out in the event you could never return to work again due to an illness or injury.
- Total and Permanent Disability insurance can be funded personally, through your superannuation fund / SMSF or both. There are different tax treatments in the event of claim based on how you fund this insurance
- Total and Permanent Disability insurance costs are generally determined by your age, your lifestyle, your occupation, your health and required cover amount.
- Total and Permanent Disability insurance is available with various definitions; hence it is important to get the right one for you. Depending on the definition you choose the costs will vary.
- All above information is not based on your personal goal, objectives or circumstances. The information is only provided as an indicative tool and have pre-set general parameters that may not be suitable for you. You should seek personal financial advice before acquiring any insurance products to ensure it is appropriate for your needs. The K Partners financial planning team provides personalised insurance advice.