What is Total & Permanent Disability Cover?
Total and Permanent Disability (TPD) cover provides a lump sum payment if you were to become totally and permanently disabled and no longer able to work.
To best protect your financial situation, your family and your income, Sequoia Asset Management can help you find the best and most appropriate cover to protect yourself and your family/loved ones if you were to become totally disabled.
Most default superannuation funds whether they are retail, industry or government super funds, have default insurance life and total and Permanent Disability insurance. However, the default cover amount might not be right for you. It might leave you underinsured or you might even be over insured and paying too much premium.
Whatever the case is and however you want to hold TPD cover, the lump sum payout can significantly reduce financial worry and stress, if you were to become totally and permanently disabled, as the lump can be used to pay off your mortgage, pay for necessary rehabilitation costs, medical expenses, pay for other debt repayments, home modifications, cover day-to-day expenses and future living expenses (such as school costs).
Sequoia Asset Management acts as a broker, enabling us to provide unbiased general advice, and find you the best cover, regardless of the insurer.
To find the best cover for you and your family and the right price, contact Sequoia Asset Management today.