TPD Insurance Broker
Compare Total & Permanent Disability Insurance Cover
The last thing you expect to happen is to get injured or ill and be unable to work, but you can be prepared for it. Total and Permanent Disability Insurance (TPD) helps protect you financially if you find yourself unable to work again, helping you keep a roof over you and your family’s head, and continue paying expenses. As TPD insurance brokers, we can help you find the right cover for your circumstances. Get started with a free quote.
Benefits of Having TPD Insurance
Many people make the mistake of thinking if they have income protection that they’re covered if they’re unable to work. However, this only applies if you’re going to be able to return to work. There are many benefits of having TPD insurance, including:
- Receiving a lump sum payment to help reduce financial stress if you’re unable to permanently work due to injury or illness.
- Being able to replace income to cover daily living expenses if you’re unable to work.
- Funding to cover medical treatment and expenses, including making home modifications such as wheelchair ramps.
- The flexibility to use payments however needed, including for paying the mortgage or rent, covering medical bills, paying debts and more.
- Varying cover options to give you peace of mind specific to your situation.
Some policies also have optional extras, such as reimbursing professional financial planning advice or covering accommodation costs for your family if you’re hospitalised far from home. All of this can help you know you and your family have financial security when you’re already going through a difficult time. Compare your options with a free quote.
Types of Total & Permanent Disability Insurance
While every TPD policy varies on what’s covered, when you can claim and how much you may receive, there are also different types of Total and Permanent Disability Insurance. The type of cover you choose can impact your premium amount and when you may be eligible to make a claim.
- Any Occupation TPD, is the most common type of cover and is often the most affordable. It’s often held within your superannuation, covering you if you’re unable to work entirely in any industry, although there is a lower likelihood of payout with stricter claim criteria.
- Own Occupation TPD, is typically more expensive, however, has a higher likelihood of payout if you are unable to work again in your specific occupation, even if you may be able to work in a different field.
- Activities of Daily Living (ADL) TPD, may be relevant for someone who is not employed but becomes unable to perform daily tasks, such as bathing, dressing or feeding, due to injury or illness.
Our TPD insurance brokers can help you compare options and navigate the different terms to find the right cover to protect your lifestyle. Speak with us today to find out more with a free quote.
The Process For Claiming TPD
One of the things we can help you with as insurance brokers for TPD cover is the process of making a claim. Making sure the paperwork is properly filled out and you’re prepared for all stages can help make it a smooth process with as few delays as possible to help you access your funds sooner. The process typically involves:
Checking your policy for eligibility.
We’ll review your TPD policy and make sure you are eligible to make a claim, as well as any other policy features you may not be aware you have available to you.
Submit a claim application.
Our TPD brokers can complete your paperwork and application on your behalf, making sure it is filled out correctly and with the details needed to move the process along.
Outcome and possible payout.
If approved, your payout will be paid to either you or your superannuation (and then released to you). If not approved, you may be able to appeal the decision within a set time limit.
Gather evidence.
Each policy will require specific evidence to support your claim for a TPD payout, such as medical reports, independent medical evidence or specialist opinions and employment records to show and prove your inability to work.
Assessment of claim.
The insurer will then assess your application. At this stage, they may request further information or medical evidence to support your claim. We can look after all liaising with the insurer for you.
Compare Your Options For TPD Insurance Cover Inside & Outside of Super
TPD insurance is a common inclusive with many superannuation funds. However, this doesn’t mean you’ll be eligible to receive a lump sum, which can be the case with stricter TPD policies held within superannuation. Our TPD insurance brokers can assess your existing cover and see if it fits your need, while helping you explore other potentially suitable options to make sure you and your family feel secure if you were ever unable to continue to work due to injury or illness.
Book a free quote to see if your existing TPD insurance meets your needs.
The Insurance Quoter is Here to Help With TPD Insurance in Australia
Why do you need a TPD insurance broker if you can just look up policy quotes online? As brokers, we can often access insurance options that aren’t available online, helping you compare more options to find the right fit. We can help you with all the complicated language and PDS documents, so you understand what you have, what you’re covered for, and even help you with a claim, if you ever need to.
Plus, our team at The Insurance Quoter can help with any of your policy needs, including life insurance, income protection, trauma insurance, business insurance and keyman insurance. As brokers, we don’t charge you a single cent. Rather, we receive an amount from your chosen insurer for bringing you on board. All you need to do to get started is get in touch.
Get a Free TPD Policy Quote & Compare Your Options Today
Rather meet in person? Our insurance brokers are located in Sydney, Brisbane and the Gold Coast, giving you three convenient locations to help you compare and get the support you need for your TPD insurance.
To get started, simply fill out your details and one of our friendly TPD insurance brokers will be in touch with options to start comparing the best cover for your lifestyle.
Get Your Free Quote Today!
Frequently Asked Questions About TPD Cover & Insurance Brokers
What is a TPD insurance broker?
A TPD insurance broker is licensed to help people compare, select, purchase and, often, make a claim for Total and Permanent Disability Insurance. They often have access to non-advertised policies, while helping analyse cover from different insurance companies to help people find the best solution for their needs and budget.
How can TPD insurance brokers help?
By hiring a TPD insurance broker, you can get help comparing Total & Permanent Disability Insurance policies, navigating the different cover types and even with making a claim. As well as helping assess the type of cover that may meet your needs and budget, they can also handle the paperwork and correspondence with the insurer when and if you need to make a claim for TPD. This can be helpful to reduce delays or make sure the claims process is followed correctly for you to receive the best potential outcome.
When should you claim TPD insurance?
You should claim TPD insurance if you have appropriate cover and an injury or illness is preventing you from working your normal occupation or any occupation, depending on your policy. What and when you can claim may depend on your policy, so it’s best to contact your TPD insurance broker or read your PDS for more information specific to your situation.
What is the waiting period before a TPD claim can be made?
The waiting period before you can make a claim on your TPD insurance is typically 3 to 6 months, however, it can vary between policies. Having a TPD insurance broker can help you clarify how long you may need to wait if you become injured or ill, and are unable to work.
How long do TPD claims take?
A simple TPD claim may only take a few weeks, while a more complex claim may take up to 12 months, depending on the situation. How long the claim takes to be processed can depend on the speed of the superannuation fund and/or insurer, whether further medical information is needed to confirm your injury or illness is preventing you from working, and if there are any delays, such as from incomplete forms, missing medical records or other information. Having a TPD insurance broker help you with your claim can make the process run as smoothly as possible.