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8 Insurance Planning

Total and permanent disability insurance

Total and permanent disability insurance insures you in the event you become totally and permanently disabled and are therefore unable to work again.

If you have a total and permanent disability insurance policy and you make a claim, the policy will pay the benefit as a lump sum amount.

Total and permanent disability insurance can be taken out alongside life insurance or as a separate policy.

It's important to read the Product Disclosure Statement of the insurance policy to establish what the definition of total and permanent disability is.

Generally, there are two definitions of total and permanent disability for you to be aware of – any occupation and own occupation.

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