As a general rule, a lump sum TPD payout is only awarded once it is determined that an illness or injury completely precludes you from work. In effect, the name of the benefit says it all: Total and Permanent Disability. In most instances, super insurers will only pay up if the disability is complete (i.e., total) and permanent (i.e., you […]
The majority of Australians are covered by TPD insurance. Most people have Total and Permanent Disability cover through their employer’s super insurance, although it may also be purchased individually as part of life insurance or a different type of cover. Both TPD insurance and a separate policy known as income protection insurance help you protect […]
