Total and Permanent Disability (TPD)

This type of insurance also pays a tax-free lump sum in the event you become totally disabled and unable to work again in your occupation or usually also in any occupation that you are suitably trained for. From a cost point of view Total Disability is worse than death as the cost of ongoing care is very expensive. Accordingly we recommend as a minimum you need the same amount of cover as your life insurance, at least enough to clear all debt. As with Life Insurance this cover can be taken through a superannuation policy and can be made tax-deductible for the self-employed.