Total and permanent disability (TPD) insurance provides cover if you are totally and permanently disabled.
This insurance policy provides a lump sum benefit if you are deemed to be Totally or permanently disabled from an injury or serious illness and it is unlikely that you will return to work again in your normal capacity.
Your insurer will define TPD as one of the following:
You can't work again in any occupation, or
You can't work in your usual occupation
TPD cover can be linked with your Life Insurance plan or it can be opted to be taken out as a stand alone policy.
Various companies offer various definitions, its important to take into account all of the information in the PDS and make a decision that is correct for your current life situation. Be cautious, some companies offer disability cover with no medical checks. Most of the time, this cover is limited, hence the cheaper price.
The advisers at VFS are here to guide you and help find the policy that suits your current needs.
Verita Financial Solutions
Verita Financial Solutions was founded by Nick Alvaro and Shaun Trenton in 2003 and between them, they have over 28 years of Financial Services experience. VFS has grown to become one of Australia’s premier boutique financial services firms.
Verita Financial Solutions is not owned by any large investment manager, superannuation company or life insurer. We are independently owned and proud to be a member of the 'Association of Independently Owned Financial Professionals'. This allows us the flexibility to tailor our advice to best meet the financial goals of our clients.
Our goal is simple - We aim to 'Secure your financial future' by providing quality advice. We specialise in the areas of protecting you, your family and your business using Risk Insurance Strategies; and also helping you create and maintain your wealth through Superannuation , Retirement and Investment Strategies.
