Pays a lump sum, when a person's ability to work has been suddenly - and permanently - cut short as a result of an illness, accident or injury. Cover is not based on, or limited to, a set number of medical conditions. It potentially covers all conditions, as long as the insured person meets the definition of total and permanent disability as a result of the disablement.
Why have it?
TPD cover provides unique protection for the life insured while they're still alive, without the restriction of a set number of defined medical conditions. It provides your family / business with a lump sum payment for things like repaying debt or mortgage, replace potential loss of earnings, home and car modifications, payment of carers etc.