Here are two connected and uncomfortable facts:
- Twenty percent of Australians suffer from a disability that prevents them from working
- Disability pension pays around 20% of the average Australian wage
Without insurance, your family’s wellbeing and your personal recovery may be seriously compromised. TPD pays a lump sum if you are unable to work again due to an accident or illness.
It covers rehabilitation expenses, home modifications and carer fees. It can allow family members to reduce their working hours so they can look after you.
TPD insurance is often combined with life cover as part of an affordable protection package. Consider your options carefully before taking any major financial decisions.