Total Permanent and Disability(TPD) Insurance

Private Capital Management

Total Permanent & Disability Insurance

The goal of TPD is to provide policy holders a cash benefit when the life insured suffers serious illness or injury and is unable to work again.  When structing TPD, we look at specific costs to cover such as school fees, debts, general expenses, and other large expenses which may occur.  TPD is available for most people with insurers restricting the age between 65 and 75.  Typically, insurance obtained through a financial planner has far superior coverage than group insurance in superannuation and direct insurance obtained over the phone or internet.

TPD benefits are typically paid in the form of a tax free lump sum and pays a benefit when somebody satisfies the definition of TPD, where there are two types:  Own Occupation and Any Occupation.

Own Occupation TPD provides a benefit where the life insured is unable to work again in their own or normal occupation. 

Any Occupation provides a benefit where the insured is unable to work again in any occupation, where they may have reasonable education, training or experience.  Typically, we would consider Any Occupation for specialists such as our Doctor clients.

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THE BENEFITS OF OBTAINING TPD INSURANCE THROUGH PRIVATE CAPITAL MANAGEMENT

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A LUMP SUM TPD BENEFIT PAYMENT

TPD insurance provides a lump sum payment if you become disabled, unable to work around the home, or perform a number of everyday tasks

PARTIAL AND PERMANENT DISABLEMENT PAYMENT

TPD insurance provides a lump sum benefit should you become disabled, such as the loss of one arm

THE PAYMENT OF A FINANCIAL PLANNING BENEFIT TO COVER CLAIM COSTS

TPD insurance provides a benefit to cover the cost of financial advice to assist with the managing or investing your claim, meaning that when you use Private Capital Management to implement your insurance, we manage the claims process from start-to-finish

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THE ABILITY TO FREEZE YOUR PREMIUMS IN TIME OF NEED

Using our panel of leading insurance companies, your TPD insurance will have the ability to keep premiums fixed each year by reducing the sum insured