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Insurance is the best way to protect you and your family against any uncertain events. It assures financial coverage during different situations like accidents, hospitalisation, and sickness. Total and Permanent Disability (TPD) Insurance provides financial coverage when a person becoming totally and permanently disabled. TPD insurance not only covers your medical expenses during disability or illness, but also covers your family expenses and sometimes the expenses of your child’s education depending on the amount insured. TPD Coverage Can Help You Deal with Life’s Uncertainties
During tough times following a disability or accident, TPD insurance can help you to maintain your same existing lifestyle, as it takes care of your necessary expenses and helps you and your family to cope with the situation to try lead a normal life. When you insure yourself against TPD, it can assist with some of the following:
- Helps you pay your medical and nursing expenses and hospital expenses
- Provides cover for your rehabilitation expenses
- It secures your family by meeting the household expenditures
- It helps you pay the mortgage and/or other debts
- It provides for your children’s education costs
Premiums are usually based on your age, gender, occupation and health status. Insurance companies usually assess your medical conditions by asking questions about your medical history and explain what you are covered under the policy if you take out cover. TPD insurance is available in different ways for example you can have a separate TPD policy or you may choose to link your policy as an extension under your life insurance cover. One can do research through the internet and speak to financial advisors to compare different policies and select the one that best suits their needs. About the Author:
Peter Jouni is a business development manager at Compare Life Insurance.com.au. Compare Life Insurance offers free life insurance quotes along with Trauma insurance, Income Protection insurance, TPD insurance and Funeral insurance comparisons from leading insurers in Australia.
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