What would happen if you were injured or disabled and unable to work again?

TPD insurance pays a lump sum benefit for total and permanent disability due to illness or injury.

It is designed to help meet one off and ongoing living expenses, as well as cover special expenses such as medical and rehabilitation costs.

Insurance is never a luxury

You may go for years without making a claim, then one day the unexpected happens. No one can eliminate the devastating emotional impact of serious illness, disability or death, but if you have to deal with money problems as well, the situation can be much worse.

Having money available when you need it most is what makes insurance so valuable.

There are four main types of personal insurance

• Life insurance: a cash lump sum payable on death to help support your dependants.
• Total and permanent disability (TPD) insurance: a cash lump sum to help support you and your dependants if you are totally and permanently disabled due to illness or injury.
• Income protection insurance: a monthly income stream to help support you and your family if you are sick or injured and can’t work.
• Trauma insurance: a cash lump sum to help support you and your dependants if you suffer a specified major medical condition.

Total and permanent disability (TPD) insurance

TPD insurance pays a lump sum benefit for total and permanent disability due to illness or injury.

To receive a TPD insurance benefit, you must satisfy specific criteria to establish the genuine nature and extent of the disability (this can vary between insurers). These criteria usually include a range of permanently disabling conditions specified in the policy, such as paraplegia, as well as more general criteria relating to your total and permanent inability to work.

Trauma Insurance

Trauma insurance provides a lump sum payment if you suffer a serious, debilitating medical condition (specified in the policy) such as heart attack, cancer and stroke.

Generally, you will receive the trauma benefit providing you survive for a set period after incurring the condition. Receiving a lump sum can help people cope with a traumatic event and deal with issues they may have to face, such as:

• a change of employment to a less demanding role
• servicing a mortgage and other debts
• making home modifications if required
• paying for medical expenses.

Prestige Wealth Partners can help you select the most appropriate life insurance policy.

Personal and financial circumstances vary and it is important that your TPD cover is appropriate for your current circumstances. Policies differ greatly and it is important that you understand the features, terms and conditions of your policy.

Speak to Rebecca Newton and let Prestige Wealth Partners find you the most appropriate policy for you and your family.

For more information about TPD cover – or any other form of personal insurance – please download the Personal Insurance Fact Sheet provided by Financial Wisdom or contact Rebecca Newton using the form below.

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In the event the unexpected does occur you can rest assured with life insurance your family will be looked after.

Prestige Wealth Partners can help you select the most appropriate insurance cover for you and your family.

Would your family cope financially if something was to happen to you?

Insurance is never a luxury

You may go for years without making a claim, then one day the unexpected happens. No one can eliminate the devastating emotional impact of serious illness, disability or death, but if you have to deal with money problems as well, the situation can be much worse.

Having money available when you need it most is what makes insurance so valuable.

There are four main types of personal insurance

• Life insurance: a cash lump sum payable on death to help support your dependants.
• Total and permanent disability (TPD) insurance: a cash lump sum to help support you and your dependants if you are totally and permanently disabled due to illness or injury.
• Income protection insurance: a monthly income stream to help support you and your family if you are sick or injured and can’t work.
• Trauma insurance: a cash lump sum to help support you and your dependants if you suffer a specified major medical condition.

Life insurance

Life insurance usually pays an agreed amount as a lump sum upon the insured person’s death or terminal illness. This can help provide financial independence for a family if they lose the homemaker or breadwinner. For example, a life insurance payment could help a family cover mortgage repayments, repay personal debts, cover funeral expenses and pay for children’s education.

In a business situation, life insurance can help protect against the loss of a key employee or business partner.

Prestige Wealth Partners can help you select the most appropriate life insurance policy.

Personal and financial circumstances vary and it is important that your life insurance policy reflects your circumstances. There are literally hundreds of different life insurance policies on the market today – each one is different and contains different features and conditions.

Speak to Rebecca Newton and let Prestige Wealth Partners find you the most appropriate policy for you and your family.

For more information about life insurance – and any other form of personal insurance – please download the Personal Insurance Fact Sheet provided by Financial Wisdom or contact Rebecca Newton using the form below.

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