If you were told you were Totally and Permanently Disabled how would you survive the future. TPD provides a lump sum payment should you completely lose your ability to ever work again (or carry on your normal tasks, if you are not employed), as a result of illness or injury. It doesn't mean you may never work again but TPD Cover is designed to help you deal with the significant impact that losing an income forever would likely cause. You can use the lump sum to help reduce debt, purchase specialised equipment, pay for home modifications, provide additional care, create an investment fund to generate on going income. The purpose of the funds is entirely yours to decide.
How are insurance premiums calculated?
Insurance premiums are based on gender, age, whether or not you are a smoker, any pre-existing health conditions, and the amount and type of insurance you want to buy.