Top End Wealth

01/09/2021

With income protection changing it’s guidelines for any new policies written after October, you’d be mad not to put it into place now🌟

29/05/2020

contact me in your own time- peter .com.au

23/12/2019

05/03/2019

Here's how payout's work under each TPD definition
TPD definition Extent of disability required for a payout
Any occupation
Unable to work in:
Your current occupation, or
Any occupation you are suited to by education, training and experience
Own occupation
Unable to work in your current occupation
Living expenses / Non-working
Permanently disabled and unable to:
Perform two or more of the five activities of daily living

05/03/2019

TPD Definitions
What are the main types of TPD definitions available?
TPD cover is generally defined as insurance that pays out a lump sum if you become permanently disabled and are unable to work again. This general definition is further 'qualified' by your insurer, who will have their own definition of TPD. The end result? Often something similar these three main definitions:

Any occupation This pays a lump sum if you become permanently disabled and are unable to work in your own occupation or any occupation to which you are suited by education, training or experience.
Own occupation. This pays a lump sum if you become permanently disabled and are unable to work in your own occupation. Because the terms are quite specific and a payout is more likely, this is the most expensive form of TPD insurance.
Living expenses /Non-working. This ignores occupation and pays a lump sum if you become permanently disabled and are unable to independently conduct two or more of the five listed Activities of Daily Living (i.e. eating, bathing, dressing etc). Given that you would have to be severely disabled to qualify, this is the hardest form of TPD insurance to claim.

07/12/2018

Have you got the right TPD cover and will it pay when you need it?
Own" Occupation TPD vs "Any" Occupation TPD. ... Under the “Any” occupation TPD definition you would need to be rendered unable to do not just your own occupation but any occupation reasonably suited to you by education, training and experience
Any Occupation. This definition means you are eligible for cover if your disability means you are unable to work in any job you are reasonably qualified or experienced to perform, and you never expect to be able to return to the workforce. Premiums under this definition are cheaper than under the Own Occupation definition below, but it only provides a narrow range of cover.
Own Occupation. This means you’ll be paid a benefit if your disability prevents you from returning to work in your own occupation. This is a more comprehensive type of cover and means you can receive a benefit even if you’re able to work in a different occupation.
Home Duties. As mentioned above, if you’re unable to perform your normal domestic duties, you’ll receive a lump sum benefit. This definition applies to homemakers and is designed to help with things like cooking and cleaning, maintenance of the family home and looking after dependent children.
Activities of daily living. Under this definition, you’ll receive a benefit payment if you are unable to perform at least two activities of daily living, such as bathing, dressing, eating, using a toilet, getting in and out of bed and moving freely unaided.
Loss of independent existence. If you cannot perform a certain number of activities of daily living, or if you have suffered a cognitive impairment (for example memory loss), you will be eligible for a benefit payment.

26/08/2018

25/11/2017

http://topendinsurance.com.au/

Top End Insurance give you peace of mind that if something unexpected happens, you have a quality plan in place with a quality insurance company.

02/06/2017

Added to our repertoire, we are now offering competitive rates on general insurance for those looking for competitive premiums, or those not happy with their current insurance situation

02/08/2016

If you are looking to consolidate your super, receive a higher return ,have a dedicated expert looking after your super so that you can retire in the lifestyle you want to, or maybe even find your lost super, it might be time to give me a call . 0421453529 Peter