Trauma Insurance

A permanent disability can place enormous strain on a family’s financial position. Not only can you be left without an income, but there are often additional and perhaps unexpected costs that come with being disabled, some of which can remain for a number of years.

Often abbreviated to TPD, Total and Permanent Disability insurance is designed to help you and your family cope financially in such a situation — paying you the insured amount if you can no longer work due to sickness or injury.

What this means to you

The financial support provided by TPD insurance can help you rebuild your life, and maintain your standard of living, in the wake of a permanent disability. A TPD insurance benefit may help you:

  • Cover your out-of-pocket medical bills and rehabilitation expenses.
  • Pay for any ongoing assistance or care you need.
  • Provide for any additional housework or child care costs.
  • Allow you to modify your living arrangements if you need to.

Some policies may require that you are permanently unable to work in any occupation, regardless of your employment background. Others may be less strict, and only require that you are unable to work in any occupation for which you are reasonably suited by training, education or experience.

The most flexible policies may pay a benefit if you are permanently unable to work in your own occupation only — recognising that you may not be able to earn as much in any other occupation.

Typically the more flexible the policy, the more it will cost.

To make sure your TPD policy suits your needs and budget, you should weigh up your options with us.

What are the chances?

There are over 2 million Australians of working age with a disability. Of these, 59% are permanently unable to work.

Disclaimer: Please note that this information is of a general nature only and have been provided without taking account of your objectives, financial situation or needs. Because of this, you should consider whether the information is appropriate in light of your particular objectives, financial situation and needs.