Adding TPD onto life insurance ?
Life insurance is available with a number of additonal options. One of the options is TPD this stands for Total and Permanent Disability. For an additional charge on the majority of contracts this will enable the policy holder to have their policy paid is the life assured is unable to do their own occupation.
This can be quite an expensive option to add onto your policy and can be difficult to underwrite due to some occupations being classified as more dangerous than others .
TPD is often put into different definitions own occupation where the company will pay if you cant carry out your own occupation this is seen as the best. Work tasks this is where the claim is categorised if you can carry out a number of tasks these could be things like lifting, walking, hearing, using a pen or pencil or vision. The final version is classified as life tasks and this would pay if you struggled washing, dressing feeding or with continence or mobility.
Tags: life insurance, life insurance cover, life insurance quote, term life insurance