One Private Wealth

Total & Permanent Disability

Total & Permanent Disability (TPD) Insurance for our clients enables you to protect you and your family in the event of you suffering a permanent disability.

TPD insurance is aimed to cover the mortgage so your spouse and children are not left to fund and carry the cost of the loan and in some cases, having to force sell the family home.

Why you need TPD Insurance

In addition, TPD insurance is also designed to cover the following:

  • Provide a lump sum benefit to fund the ongoing lifestyle and education cost to your spouse and your children.
  • Provide a lump sum benefit to clear any other outstanding debts that you may have.
  • Provide a lump sum to cover any potential renovation cost to your home due to the suffering of a permanent disability.

The above highlights the importance of TPD insurance. More importantly, we assist clients in obtaining the correct structures to hold your life and TPD insurance policy for taxation and beneficiary payment reasons.