According to the Australian Institute of Health and Welfare, in 2010 injury was estimated to account for 6.5% of the total disease burden in Australia, with 400,000 Australians each year suffering an injury severe enough to be admitted to hospital. Of the Australians who endured a stroke in 2009, just over a third (131,100) suffered a disability as a result. Those suffering disability from stroke were much more likely to be profoundly limited (always in need of help) in core activities (56%) than people with other disabilities.
Total and Permanent Disability (TPD) Insurance is protective cover in the event that you suffer an illness or injury that leaves you totally and permanently disabled. The lump sum payment assists you to eliminate debts, cover medical expenses, make essential renovations, and provides financial security to your family ensuring they too can maintain quality of life.
To find out more about TPD and other wealth creation services, contact us to speak to our Certified Financial Planner.