Disability Insurance.
For temporary situations where you’ll recover, income protection insurance can help keep the money coming in. But what happens if you become permanently disabled and unable to work again?
Disability insurance (also known as Total and Permanent Disability insurance) is designed to reduce financial problems that could happen if you can’t work anymore. TPD Insurance provides a lump sum payment if you become totally and permanently disabled, including a disability that results in you being unable to work ever again.
The lump sum payment could help you and your loved ones financially. You can use this however you choose, from helping to pay off your mortgage, to covering medical expenses or even investing it.
