Product Types – TP Insurance Services

Life Cover

Provides a lump sum payment should you pass away or become terminally ill. It helps to cover such things as debt, education expenses and replacement of income for your financial dependants.

Total and Permanent Disablement (TPD) Cover

Provides a lump sum payment if you suffer an illness or injury and are permanently unable to work. This will help you maintain your current lifestyle whilst paying the additional expenses that arise as a result of total and permanent disability.

Trauma (Critical Illness) Cover

Provides a lump sum payment if you suffer a major medical event such as heart attack, cancer or stroke and will provide for medical costs, rehabilitation expenses and loss of income.

Income Protection Cover

This covers up to 60-70% of your annual income by paying a monthly benefit until you can return to work or for a period of time in the event of sickness or injury.

Business Expenses Cover

For self employed individuals, they have a responsibility to cover the fixed ongoing costs of the business. This cover provides a monthly benefit should the business owner be unable to work due to sickness or injury

Key Person Protection

If your business relies on key individuals to drive the revenue or cover the debt in the business, their death, disablement or trauma event would have a significant effect on profits. This insurance provides an injection of cash to offset the reduction in revenue or cover the debt in the business.

Business Succession (Buy/Sell) Cover

When two or more people work together in a business, thought should be given to the disposal of each person’s share of the business. This insurance is the method employed to fund the consideration for the transfer of an asset from one person or entity to another in the case of death, terminal illness, permanent disability or a trauma event.