You hear stories of people and families devastated by an unfortunate accident which renders an income earner permanently disabled and unable to pay their bills. It causes undue stress and financial hardship for both them and their families.
However there is a solution. Total and permanent disability or TPD cover is designed to help you if are incapacitated, and needing to pay for living costs and medical costs.
What is considered total or permanent disability?
Each policy offers a different definition of total disability, so it’s important to understand exactly what you’re getting. That being said, there are generally two categories of TPD insurance:
1) You’re unable to work in any occupation
2) You’re unable to continue work in your usual occupation
Knowing whether your coverage includes 1 or both of these categories can make a big difference.
To learn more about TPD cover, please contact the team here at JPB Mortgage. We’ll help you select the most appropriate policy for your needs, and take you through the details.