Total Permanent Disablement
No one ever likes to think this is a scenario they will face but severe injuries or illnesses can and do happen.
TPD insurance provides a lump sum payment if you completely lose your ability to ever work in your current occupation again (or carry on normal tasks is youre not employed). This could be due to a major head injury, permanent blindness or deafness, loss of speech, loss of a limb, dementia, Alzheimers, Parkinsons disease or many other things.
If you have spent years training for a specific career, you may wish to take out TPD insurance in case your accident or illness prevents you from returning to your position and you cant recoup potential lost earnings by retraining or switching jobs.
Generally speaking, TPD is not particularly expensive. So if your chosen career is important to you, talk to Ownit about how you can insure your future earnings.