Total & Permanent Disability Cover

Total and Permanent Disability insurance is a benefit paid to an insured person if they become totally and permanently disabled. This can help you and your family pay for medical, rehabilitation, and ongoing care costs.

What is TPD insurance and how can it help me and my family?

Total and Permanent Disability (TPD) insurance protects your financial security in the event of a disability that makes it difficult or impossible to work. Many Australians are not covered for total and permanent disability, which is incredibly risky, especially for middle-aged, or older Australians, who are at increased risk of debilitating illnesses and injuries. Taking out TPD insurance will ensure that you are financially covered in these situations.

Setting up TPD insurance in Australia

If you are thinking about taking out TPD insurance, you need to consider your other financial and personal circumstances. First, you need to consider your level of private health insurance and any other insurance policies you have. You also need to find out what government benefits, family assistance, or worker’s compensation payments you would be entitled to. Finally, you need to calculate how much income you, and your family, would need to live comfortably if you can’t work for extended amounts of time, or indefinitely.

If you want to protect you and your family with TPD insurance, then contact Guardian Group today. Our financial advisers can help you work our how much cover you need and whether you would be better off with stepped or level premiums. Before committing to TPD insurance, it’s important to know exactly what your policy covers and how much compensation you will get if you become totally and permanently disabled.

How much life insurance you need depends on you and your family’s financial circumstances. When determining your level of life insurance, you need to consider all your current debts and loans, as well as your children’s future childcare and education costs. You also need to decide how much income your family would need to live comfortably.

It’s important that you and your family discuss an action plan to enact in the event of your death for their financial security. Consider what their earning capacity would be without you, and if they could downsize, or relocate, to pay off outstanding debts or mortgage.

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Life Cover

Life cover, or term life insurance, pays a lump sum payment to help protect you and your loved ones financially if an unexpected death occurs or someone suffers a terminal illness (where they are unlikely to survive longer than 12 months). Life insurance ensures your family can cover funeral expenses and outstanding debt as well as funding future costs that secure the living costs of your family.

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about Life Cover

Trauma Cover

Trauma cover, or trauma insurance, pays a lump sum benefit to the insured person upon diagnosis of a serious injury or critical illness. With the diagnosis rates of cancer, stroke and heart attacks on the increase in Australia, this insurance is important for all aging Australians. Trauma insurance can help pay for medical and rehabilitation costs to help you and your family through a difficult time.

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Trauma Cover

Income Protection Cover

Income protection is an ongoing benefit paid to the insured person in the event they cannot work due to partial or total disability for a specified time. In Australia, you can apply for up to 85% of your pre-tax income to protect you and your family’s finances when you need it most.

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about Income Protection Cover

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