Total & Permanent Disability (TPD)
Total and Permanent Disability is an additional benefit attached to Life or Trauma insurance policies.
It provides a lump sum amount in the event of your inability to work again due to illness or injury as defined by the policy. The sum insured provides options by allowing you to reduce debt, house modifications and time to adjust to a new way of life.
Your biggest asset is your ability to earn an income.
You insure your car & your house – why not yourself?
Contact us for all your personal insurance needs
Email: clientinfo@abcountrywide.com.au | Telephone: (03) 9835 1300
Street Address: Level 2, 35 Dalmore Drive, Scoresby Vic 3189
Postal: PO Box 9055, Scoresby Vic 3189
Richard is a 53-year-old employed mechanic earning $80,000 per year. He is married to Rachel who works part-time, and has children, both of whom are married and living out of home. His home is valued at $650,000 with a mortgage of $150,000. He has credit card debt of $25,000 and a motor vehicle loan of $20,000.
Richard loves to go out dirt bike riding in the bush with his mates on the weekend. One weekend, he hits a ditch and comes off his bike, causing him to suffer a C2 vertebral injury. Richard becomes a quadriplegic, is permanently disabled and unable to work again in the future.
Thanks to Richard having an astute financial advisor who had reviewed his circumstances two years prior, Richard had TPD Insurance of $800,000 in place. This meant that Richard was able to:
- keep his home by paying off all his debts;
- have funds in place to cover all his medical expenses; and
- make the necessary house modifications to enable him to continue living at home after coming home from hospital.
The Financial Services and Credit Guide contains information that will help you decide whether to use the financial services we offer.
Austbrokers Countrywide Life Pty Ltd
Corporate Authorised Representative Charter Financial Planning Ltd Australian Financial Services License No. 234665 ABN 28 152 479 162
FINANCIAL SERVICES AND CREDIT GUIDE
Issued: 1 June 2023
Austbrokers Countrywide Life Pty Ltd ABN 28 152 479 162 is a Corporate Authorised Representative of Charter Financial Planning Limited ABN 35 002 976 294 Australian Financial Services Licensee Licence number 234665.
Principal Address: Quay Quarter Tower, 50 Bridge Street Sydney NSW 2000
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.
The Authorised Representative provides you with advisory services in accordance with the disclosures in the Financial Services and Credit Guide. Charter Financial Planning is responsible to you for all conduct. www.charter.com.au
Disclaimer
Information provided on this website is general in nature and does not constitute financial advice. Austbrokers Countrywide Life Pty Ltd will endeavour to update the website as needed. However information can change without notice and Austbrokers Countrywide Life Pty Ltd does not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time.
Every effort has been made to ensure that the information provided is accurate. Individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner to take into account your particular investment objectives, financial situation and individual needs. Austbrokers Countrywide Life Pty Ltd does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded. Austbrokers Countrywide Life Pty Ltd, its employees and authorised representatives do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person.