Life insurance protects your family by paying a lump sum if you die. Most people think that life insurance is only for the main income earner, but the person who takes care of the family is also a
Large contributor to the home and can be insured.
Life insurance helps cover, mortgage, any debts, funeral cost and replaces your income for your family in your absence.
TPD cover provides a lump sum payment if you suffer a disability before retirement and can’t work again, or can’t work in your usual occupation or chosen field of employment.
Last thing that you should worry about when faced with a lifelong disability is Money. Total and Permanent Disability insurance (TPD) is designed to help take the pressure off you financially if you suffer an illness or injury that leaves you totally and permanently disabled. The lump sum benefit paid is often used to eliminate debts, pay for medical expenses or fund permanent lifestyle changes. For example, moving to a home that is more accessible for your condition.