Medical care doesn’t come cheap.
And this can take some of the financial pressure off getting that care.
Total and permanent disability cover.
Cover that can make a big difference to you and your family.
What is Total and permanent disability cover?
Chances are your family relies on your ability to work. But if you become totally and permanently disabled, this Total and permanent disability (called TPD for short) policy can help you get the care you need – and ensure your family is looked after. You can add it into your Life cover or take it as a stand-alone policy.
Features.
- Entry age is from age 16 to 64.
- Your insurance ends at age 100, as long as you keep paying your premium.
- You can pay fortnightly, monthly, quarterly, half-yearly or yearly.
- You can choose to help protect your cover against inflation by having the amount you’re insured for increase each year.
- Even if you don’t have a paying job (homemakers for example) cover is still available, we’ll just assess your cover differently.
- You can have TPD cover as a standalone benefit or added as an accelerate benefit that’s taken from your Life cover – ask us how.
- There are two types of payments; age-rated payments fixed for one year at a time, and normally increase in line with age, OR level term payments which are fixed for the life of the policy.
- We always recommend chatting with an adviser about the right insurance for you.
More about Total and permanent disability cover.
- What is it?
- Why should you get it?
- What’s the deal?
- Anything else?
What is it?
TPD is paid out if you become totally and permanently disabled and are unable to work – whether that’s in a workplace, home or even if you’re a student.
Why should you get it?
Well, the debts and bills don't stop – especially if you need ongoing medical care or therapy.
What’s the deal?
You pay an amount of money (called a ‘premium’) for a policy. The policy is a contract so you know exactly what we’ll pay out for. If you keep paying for your insurance with us, and the policy terms and conditions have been met, we’ll pay out for everything we agreed.
Anything else?
You can keep this insurance going even after retirement age – so your policy still works for you. It’s important to note though that if you’re not working, the definition of what totally permanently disabled means does change. Also, if you get married or have a baby for example, you could increase the value of your cover any time before the age of 55 without needing to give us medical evidence (check out the TPD info sheet for details are there are a few conditions). You can increase your cover at any time up to age 75 though, but we may need to do health and financial checks.
Life insurance 101 guide.
Visit our easy-to-read and plain-English life insurance 101 guide, to help you learn about what protection you might need.
Discover more.Questions? Start here.
We’ve compiled a list of the most commonly asked questions about this cover.
For a good overview of the ins and outs, it’s worth reading the info sheet.
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Yes - you’ll need to be between 16 and 64 if you want this cover.
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Your cover extends past retirement age – and will only finish up once you turn 100. It is important to note that the definition of what is considered to be Totally Permanently Disabled does change, depending on your working status and duties.
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You sure can. TPD insurance can be taken out by people who aren’t getting paid for the work they do, like homemakers. There are a few conditions for this, which you can read more about here.
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You can also choose to inflation-proof your policy by having the amount you are insured for increase each year.
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You can pay fortnightly, monthly or annually – whatever works best with your budget.
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At the start of the policy you can choose whether you want your premiums to increase each year (called Yearly Renewable Term) or be fixed for the life of your policy (called Level Term).
With Level Term, the premiums start out a bit higher than yearly renewable, BUT the amount you pay remains the same for the term of the policy.
With Yearly Renewable Term, your premium increases each year based on things like your age, gender, smoker status and your amount of cover. You’ll receive a note letting you know your adjusted premium.
A combination of Level Term and Yearly Renewable Term can help provide flexibility and certainty. Ask your adviser about this, or give us a call on 0800 88 22 88
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You can choose to have your TPD included as an ‘accelerated benefit’ (which means it’s deducted from your total Life cover amount), or as a ‘standalone benefit’, which won’t reduce the total amount in your Life cover (basically, if you choose this option, the amount in your Life cover doesn’t change.)
If you choose to have your TPD cover paid as an accelerated benefit, you can choose the optional extra of buying back the amount that’s deducted from your Life assurance if you’d like.
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You can increase your TPD cover, up to the age of 55, if you get married or enter a civil union, have kids or take out a mortgage, along with a number of other things, without having to provide medical evidence. You can find out more by taking a look at the info sheet.
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You can choose to suspend your payments for up to a year (without the need to update us on your health) if you’re made redundant, bankrupt, travel overseas or study at university. You can find out more by taking a look at the info sheet here.
Get in touch.
It’s easy! Drop us a line and an adviser will get hold of you for a no-obligation chat.
Get started.Why choose Fidelity Life.
* Fidelity Life has an A- (Excellent) financial strength rating from A.M. Best. The rating scale that this rating forms part of is available for inspection at our offices. For more information please visit Fidelity Life's financial strength page.
Disclaimer – the information contained in this webpage is a summary of the key points of this insurance policy and is general in nature. It is not, and is not intended to be, a policy document.
Details of definitions, benefits, standard exclusions/limitations, terms and conditions are contained in the full policy documentation which is available from your financial adviser. Please refer to current policy documents for specific details. This webpage does not provide a personalised financial advice service.