Our Insurers

Have you ever thought of what would happen if you were unable to return to work due to a sickness or an injury? Would you have enough savings put aside to ensure minimal disruption to you and your family's lifestyle as you all adjust to your new way of life? Total and Permanent Disability (TPD) insurance can provide you with financial peace of mind.

Who should have this cover?

In broad terms, anyone who does not have a significant amount of extra money at call which could be used if a sickness or injury occurs and they are unable to return to work.
For example:

• People with families or financial dependants.
• People with mortgages or other significant financial liabilities.
• Those not wanting to burden others if they suffer a total and permanent disability.
• People in their own businesses or their key personnel.

Why is it important?

If you choose to have Total and Permanent Disablement Insurance (TPD) added to your Term Life policy, this will provide a lump sum benefit to the insured in the event of a Total & Permanent Disability. The insurance proceeds can be used to clear any debts and/or make alterations with your life going forward. This ensures that you are not forced to sell your home or other assets at ‘fire sale’ prices if the bank calls in the loan.

How does it work?

Most companies will pay in the event if the life insured not be able to return to work at all. Depending on which definition you choose this means that the life insured either will be unable to work in their own occupation, or any occupation for which they are suited by training, education or experience, or Loss of Limbs or Sight, Unable to Work or Unable to Perform Daily Living Activities. Generally you must be considered ‘never to be able to work again’ and is permanent in nature. This is NOT the same as Income Protection. Your Experien financial adviser will be able to assist you with which definition would be best for you. There are specific circumstances for this payment and it is paid as a once off lump sum. Always read the appropriate Product Disclosure Statement for exact definitions.

Because each company have slightly different definitions, to provide you with the most appropriate cover and to increase your chances of a correct payment, we have set up our website so that you can provide us with your requirements and we will organise a financial adviser to get back to you.

Total and Permanent Disability (TPD) insurance can be used as a much needed cash injection for when you need it most.

This money can be used to:

• to hire home care services such as nursing, cleaning and cooking.
• Clear all your debts (home, car, cards & business)
• Make alterations to the family home, ramp instead of stairs, new bathroom and widen doors if wheelchair bound, alterations to car, etc...
• Future fund for ongoing medical expenses and nursing care

Saving you money!

By getting the right policy, you won’t end up paying premiums for many years to find that you had the wrong policy.

How would you cope financially if you were totally and permanently disabled today?

For further information click here.