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CASE STUDY Neville & Lucy decided to take a skiing trip on their 10th wedding anniversary while their children were cared for by their grandparents. The trip of a lifetime turned into a nightmare when Neville was seriously injured on the slopes. Unfortunately, the injury turned out to be a spinal fracture and Neville is faced with life in a wheelchair. Fortunately the family were able to claim on Neville’s TPD insurance to cover the costs of surgery, rehabilitation and a complete modification of their home and car for Neville. This lump sum enabled the family to eliminate the majority of their debt, pay for treatment and maintain the lifestyle they were used to.
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TOTAL AND PERMANENT DISABILITY (TPD) INSURANCE Total and Permanent Disability Insurance pays a lump sum or equivalent instalments if you are permanently disabled and are unable to work in your current occupation or job you have trained, studied or previously worked in. It is a safeguard that reduces the financial burden by providing funds to ensure as much of your quality of life is maintained as possible. TPD insurance is especially relevant for people with dependants, mortgages and other significant debts they couldn’t pay with their savings alone. TPD insurance is available as a stand- alone policy or as an optional feature of Life and Trauma Insurance. Whilst benefits will be reviewed in line with changes to CPI, if your circumstances change you should take the time to review your level of cover to ensure you are not underinsured. Vaughan and Monaghan deal with leading insurers and will work with you to determine the most appropriate level of cover for your individual requirements. “Don’t let disability ruin the rest of your life.” For further information contact: Stephen O’Donoghue Authorised Representative No. 263633 Phone: (02) 9485 3618 Email: stepheno@rjvm.com.au
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