TPD Insurance Explained | What Is TPD Insurance?

total and permanent disability insurance

TPD Insurance Explained

Total and permanent disability insurance is a type of cover designed to provide financial protection in the event that you are unable to work ever again due to injury or illness.

When you suffer an injury or illness that leaves you unable to work ever again, your ability to earn an income is similar to what it would have been if the injury or illness had resulted in your death. The difference is that you still have to support yourself financially, and there will be no life insurance to support your family.

This is where TPD insurance steps in. The payout from a TPD insurance policy will generally be used in a similar way to a life insurance payout, however the funds will also have to support yourself as well as your family.

When TPD insurance pays

A claim will be paid on your TPD insurance policy when, in a doct... http://quote-insurance.ucoz.com/news/total_and_permanent_disability_insurance/2013-06-25-3689