Total & Permanent Disability (TPD)

Do you have a plan in place to protect your family and finances should you fall unexpectedly ill or suffer injury? If you are unable to work for at least three months, Total and Permanent Disability (TPD) can help by paying you a lump sum to use at your discretion – whether that’s covering medical bills, paying the mortgage or helping with the transition to a new job or lifestyle.

Features and benefits

For your convenience, TPD can be purchased on its own or combined with and/or Life. It includes:

• Death Benefit, which pays you $10,000 if you have a stand-alone TPD Cover policy and there is no other TPD Cover benefit payable on your death.
• Severe Hardship Booster Benefit, which pays a higher TPD Cover benefit if you suffer specific conditions.
• Accommodation Benefit, which covers the cost of accommodating a family member to be near you should you be confined to a bed away from home.
• Financial Planning Benefit, which helps cover the cost of financial planning following a TPD claim payment.
• Interim Accident Cover, which covers you for accidents while we’re processing your application.
• Loyalty Bonus Benefit, which rewards you by paying a 5% higher TPD benefit after five years.
• Indexation Benefit, which increases your cover in line with inflation each year.
• TPD Cover for homemakers, which allows cover for stay-at-home parents.

For some specific illnesses, claims will be considered from day one rather than the usual three months.

How to start planning

TPD insurance is a critical component of any holistic financial plan. If you’d like some help customising the right policy for you, or want to know more about the financial benefits of insurance, you can use our online booking form to schedule an no-obligation consultation with a Commonwealth Financial Planner and start planning today.

• Important information
  Please refer to the relevant Product Disclosure Statement for full details of these benefits and when they are payable.
  
  As this advice (including the statements on taxation which are based on present taxation laws, rulings and their interpretation) has been prepared without considering your objectives, financial situation or needs, you should, before acting on it, consider its appropriateness to your circumstances. You should seek advice from your taxation adviser in relation to taxation matters.
  
  Income Protection, Life, Business Overheads, Total and Permanent Disability (TPD) and Trauma form part of CommInsure Protection. CommInsure Protection is issued by The Colonial Mutual Life Assurance Society Limited ABN 12 004 021 809 (CMLA).
  
  CMLA and the Trustee are wholly owned subsidiaries of Commonwealth Bank of Australia ABN 48 123 123 124. Commonwealth Bank of Australia does not guarantee the obligations or performance of CMLA or the Trustee or the products they offer.
  
  A Product Disclosure Statement (PDS) describing CommInsure Protection is available online, from your Commonwealth Financial Planner or by calling 13 10 56 (from overseas, call +61 13 10 56) and should be considered in making any decision about these products.
  
  Commonwealth Financial Planners are representatives or authorised representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169 AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.