Mortgage & debts
Help reduce or repay major debts if your earning capacity is permanently affected.
TPD INSURANCE
Financial protection if life changes permanently.
Total and Permanent Disability Insurance can provide a lump-sum payment if illness or injury leaves you totally and permanently disabled and you meet the definition under your policy.
We compare options from 11 leading insurers and help you understand differences in TPD definitions, ownership structures, policy features and cost.
Lump-sum financial support
Help manage the financial impact of a permanent disability.
Different TPD definitions
Own Occupation, Any Occupation and Activities of Daily Living can have very different claim thresholds.
Compare more than price
The definition, ownership structure and policy terms can materially affect your cover.
HOW IT WORKS
What is Total Permanent Disability Insurance?
Total and Permanent Disability Insurance is designed to provide a lump-sum benefit if illness or injury leaves you totally and permanently disabled and you satisfy the relevant definition in your policy.
The payment can provide financial flexibility if your ability to work and earn an income is permanently affected.
How a policy defines total and permanent disability is particularly important, because different definitions can create very different thresholds for making a claim.
WHAT IT CAN HELP WITH
Financial support for long-term change.
A permanent disability can affect far more than your ability to work. A TPD benefit can help provide financial flexibility for both immediate and long-term costs.
Medical & rehabilitation
Help meet costs associated with treatment, rehabilitation or ongoing care.
Home modifications
Help fund modifications to your home, vehicle or lifestyle if accessibility needs change.
Future living costs
Create a financial buffer for you and your family if returning to work is no longer possible.
TPD DEFINITIONS
Not all TPD cover has the same claim threshold.
One of the most important differences between TPD policies is the definition used to determine whether you are considered totally and permanently disabled.
Unable to return to your own occupation.
Own Occupation cover considers whether you are permanently unable to work again in the occupation you were performing before becoming disabled.
You may still be capable of working in another field and satisfy the policy definition, subject to the insurer's terms.
Generally held outside superUnable to work in a suitable occupation.
Any Occupation generally considers whether you are permanently unable to work in an occupation reasonably suited to your education, training or experience.
The threshold is therefore generally higher than an Own Occupation definition.
Can be held through superBased on your ability to perform everyday tasks.
This definition assesses whether you are permanently unable to perform specified basic activities such as bathing, dressing, feeding, toileting or mobility without assistance.
This generally creates a significantly higher threshold for a claim.
Policy definitions vary
DID YOU KNOW?
Two TPD policies with the same sum insured can offer very different protection.
The amount of cover is only part of the picture. The TPD definition determines the circumstances in which you may be eligible to claim.
For example, someone who can no longer perform their specialised occupation may satisfy an Own Occupation definition but may not satisfy an Any Occupation definition if they remain capable of another suitable type of work.
With TPD, the definition can matter just as much as the dollar amount.HOW TPD CAN BE HELD
Personal or superannuation ownership.
TPD Insurance can be structured personally or through superannuation, depending on the definition and product available.
Cover held outside super
Personal ownership may provide access to a broader range of definitions, including Own Occupation where available. Premiums are paid personally rather than from your super balance.
Cover funded through super
TPD can also be held through superannuation. The available definitions and access to a benefit are subject to superannuation rules and the terms of the policy.
WHY PREMIER WEALTH PROTECTION?
The details behind the cover matter.
We help you compare more than the premium, including definitions, ownership structures, underwriting requirements and policy features.
Understand the definition
We help explain how the available TPD definitions differ and what they mean in practice.
Compare more than price
We compare available insurers, policy structures, definitions and features alongside cost.
Support through underwriting
We help coordinate the application and underwriting process and keep you informed along the way.
Help when you need to claim
If you ever need to make a claim, we can help you navigate the process with the insurer.
DIFFERENT WAYS TO ARRANGE COVER
The way you buy insurance can affect the experience.
Buying from one insurer
You deal directly with the insurer and assess the available product and TPD definition yourself.
Comparing products
Comparison tools can help display options but may not provide the same level of support through underwriting, structuring or claims.
Advice + comparison + support
We help you understand and compare available options, assist through underwriting, and remain available after the policy has commenced.
THE PROCESS
From quote to cover.
Tell us about your needs
We gather information about your occupation, financial commitments and the protection you're considering.
Compare options
We help you compare available insurers, definitions, structures, features and premiums.
Apply with support
We assist with the application and underwriting process and help coordinate insurer requirements.
Ongoing support
We remain available for policy reviews and to assist if you ever need to make a claim.
TPD INSURANCE FAQS
Common questions about TPD Insurance.
What does TPD Insurance cover?
TPD Insurance can provide a lump-sum benefit if illness or injury leaves you totally and permanently disabled and you satisfy the relevant definition under your policy.
What is the difference between Own Occupation and Any Occupation TPD?
Own Occupation generally considers whether you can ever work again in your usual occupation. Any Occupation generally considers whether you can work in another occupation suited to your education, training or experience. Exact definitions vary between insurers and policies.
Can TPD Insurance be held through super?
Yes. TPD Insurance can be available through superannuation, although the definitions and terms available through super can differ from personally held cover. Own Occupation cover is generally arranged outside super.
How much TPD cover should I consider?
The amount will depend on the financial impact a permanent disability could have on your circumstances. Relevant considerations may include debts, living costs, medical or rehabilitation expenses, home modifications and other available financial resources.
Is TPD the same as Income Protection?
No. TPD generally provides a lump-sum benefit when the applicable permanent disability definition is met. Income Protection is designed to provide regular payments if illness or injury prevents you from working for a period of time and you satisfy the policy terms.
What happens if I need to make a TPD claim?
The insurer will assess medical, occupational and other relevant information against the TPD definition in your policy. Premier Wealth Protection can help you navigate the claims process and communicate with the insurer.
This information is general in nature and does not take into account your personal objectives, financial situation or needs. TPD definitions, eligibility, benefit limits, ownership options, exclusions and underwriting terms vary between insurers and policies. Refer to the relevant Product Disclosure Statement and policy documentation for full details.
READY TO GET STARTED?
Protect your financial position if life changes permanently.
Request a quote and compare TPD Insurance options from leading Australian insurers.