TPD insurance pays a lump sum if you become totally and permanently disabled. This sum is meant to cover your liabilities and replace your income. Consider insuring for enough to cover:

• Paying off your home loan or purchasing a home

• Clearing all remaining debts (credit cards, personal loans, car loans, etc.)

• Medical fees not covered by Medicare or private health insurance

• Ongoing medical costs

• Replacing your income

By incorporating these insurance types into your financial plan, you can ensure that you and your loved ones are protected against life’s uncertainties.