Total and Permanent Disability Cover

TPD cover provides a lump sum if you become unable to work due to a permanent disability. This cover can help you pay for medical expenses, repay major debts and help provide for your future.

Why do I need it?

Try counting the number of years to your retirement and multiply this by how much you earn. If you were to die this is the amount of money you are no longer able to provide for your family. To your family this represents food, clothes, education, paying off the mortgage and being able to carry on with day-to-day life.

Who will receive the money?

It all depends on how the insurance is setup to start with.  A Bluefin financial advisor will ensure that in the event of you making a claim, the insurance was setup correctly so the proceeds will be paid to the right people in the most tax effective way.

How much do I need?

Talking to your Bluefin financial planner to do a proper assessment of your wealth protection needs is a good idea. They will generally look at an amount to reduce or pay off your debts, provide for major future purchases, your kids’ education, and generating an income to cover your family’s daily living expenses.

What if my circumstances change?

As your life changes so do your insurance needs. There are particular points in your life like buying property, having a child, and getting married, where you’ll find that your financial responsibilities increase. It’s important at these times to review your cover. Your Bluefin financial planner will do a regular review with you to assist you with any changes to your circumstances.