TOTAL & PERMANENT DISABILITY INSURANCE
This benefit provides that in the event that you can no longer continue your occupation due to illness or disability you will receive a lump sum that may be tax free. There are two categories/definitions of TPD benefits either ‘Own occupation’ or ‘Any occupation’ and at application you can choose the one that best meets your requirements.
The proceeds of this benefit will enable you to:
- Meet medical and associated expenses.
- Repay your mortgage and other liabilities.
- Provide a reserve to fund income as a result of reduced benefits from your income protection policy.
- Provide a fund to meet expenses in retirement.
This type of policy can be funded personally or in Superannuation and advice must be sought to ensure you structure your insurance appropriately.
Our Testimonials
We could not have been more pleased with our experience with Gillman and Associates. Brian is incredibly knowledgeable and took the time to explain all of our options to us in detail. He guided us through the insurance process with a high level of expertise so that we felt confident and comfortable with our decisions. I highly recommend Gillman and Associates!
Now I know why (anon) says you are the best. We both feel that you are looking after our best interest.
I make it a point not to teach bricklayers how to lay bricks. I just find the best bricklayer I can, and trust his advice.
Just a quick note to express my appreciation for the fantastic job that you do for me. You’ve always had my interests at heart .Your advise based on your amazing product knowledge and my needs, and your genuine concern for our well being has built great trust over the past Ten years that you’ve taken care of us .