total permanent disability insurance ato
Total and Permanent Disability insurance (TPD) is designed to help take the pressure off you financially if you suffer an illness or injury that leaves you totally and permanently disabled.The lump sum benefit paid is often used to eliminate debts, pay for medical expenses or fund permanent lifestyle changes.he right amount of cover means that, in the event of serious illness or injury, youâll have funds available to: 1  Pay off the mortgage and other debts. 2  Make home modifications or pay for rehabilitation. 3  Pay for nursing or other medical care. 4  Meet ongoing household expenses. 5  Pay for your childrenâs education.