Term Life & Total Permanent Disability Insurance

Term Life insurance is the most common of personal insurance covers. Term Life simply provides a lump sum payment in the event that the insured person should die. Cover is 24 hours a day, 7 days a week; anywhere in the world. Most policies contain a “terminal illness benefit” which allows for the lump sum to be paid, before actual death, if the person insured is diagnosed with a terminal illness. Benefits can automatically be indexed in line with inflation.

An option also exists to include cover for Total and Permanent Disablement (TPD), whereby this benefit is payable should the insured person become totally and permanently disabled. (This benefit is payable to the life insured as a lump sum)

An option known as “Death buyback” can be added to a term life and total permanent disability policy in the event where the life insured claimed on the total permanent disability benefit and continued living. The life component can be bought back and in effect the insured can claim on the policy twice.

Capital Insurance Brokers will help you select the right Term Life and Total and Permanent Disability (TPD) Insurance solution to meet your needs.

Call us on (02) 6282 7666 to speak with one of our Account Managers or start now and request an insurance quote.