Total Or Permanent Disability Insurance Advice For Protecting Your Future

Disability insurance, or Total or Permanent Disability Insurance (TPD) serves as a financial safeguard, ensuring security for you and your family in the event of a life-altering circumstance. At 360Private, our team of expert advisors are able to assist you in navigating the complexities of selecting the right disability insurance to suit your unique needs and circumstances.

What Is Total Or Permanent Disability Insurance?

Total or Permanent Disability Insurance covers you financially in the case that you are left completely unable to work due to total and permanent disability or injury. This could be caused by a variety of situations such as severe accidents resulting in permanent injuries or chronic illness or disorders that lead to a reduced physical capacity to work.

How Does Total Or Permanent Disability Insurance Work?

TPD Insurance provides you with a lump sum payment if you become disabled to the point where you can no longer earn an income. The benefit can cover individuals in a range of working situations, including:

• Own Occupation – This provides a benefit in the event that sickness or injury is likely to prevent the insured person from ever again being able to work in their own occupation
• Any Occupation – This provides a benefit in the event that due to sickness or injury, the insured is unlikely to ever again work in an occupation for which they are reasonably suited by education, training or experience
• Modified – This provides a benefit if the insured has suffered a loss of independent existence and is unable to complete a number of daily living activities, such as bathing, dressing, or eating without assistance
• Home Duties (not offered by all insurers) – This provides a benefit if the insured is deemed to be unable to work and if the insured person is prevented from carrying out all normal household duties

What Can Total Or Permanent Disability Insurance Cover?

If you make a disability insurance claim that’s approved, the lump sum provided can help ease the burden of daily financial stress on you and your family. This means the ability to cover costs such as:

• Any costs incurred from on-going care needed in the event of illness or injury
• Medical bills
• Daily living expenses such mortgage repayments and household bills

What To Consider Before Applying For Total Or Permanent Disability Insurance

It’s important to consider various factors about your own personal situation before committing to disability insurance. Our expert advisors can assist you to understand your monthly or weekly living costs and expenses, and how much insurance you may require to cover these costs in the event of total permanent disability.  We can also provide guidance around other insurance types you already have, such as accident insurance, private health insurance, or income protection which may already provide financial help during an emergency, allowing you to put the right amounts and types of insurance cover in place.

In some cases, you may not be eligible for TPD insurance, for example, if you have a known pre-existing condition. Your insurance advisor can help you better understand if you qualify by better understanding your own personal circumstances.

Total Or Permanent Disability Insurance Advisors At 360Private

When considering disability insurance, it’s essential to speak to an expert to better understand what is best for you and your family. Our team of expert insurance advisors have decades of experience and will take the time to understand your unique needs and situation, in order to offer you the best tailored solutions. Whether you’re new to exploring your options around insurance or would like to review your current policy set-up, we are able to assist.

Additional Insurance Advice

At 360Private, our team of legal and financial specialists can also provide expert guidance on a variety of other insurance options, including:

• Life Insurance – to protect your loved ones
• Income Protection – to keep you covered when life takes an unexpected turn
• Critical Illness/Trauma Insurance – for added security during challenging times
• Key Person Insurance – to provide a financial safety net for your business if you lose a key team member
• Buy/Sell Insurance – that ensures smooth transitions in business ownership

 
We don’t sell insurance products ourselves, but we provide expert, trusted advice to help you navigate your options with confidence. We can guide you in choosing the right insurance strategies to support your future and protect what matters most.