Total and Permanent Disability (TPD) Cover remains crucial in financially protecting modern Australians and their families in the event of a life-changing disability.
Zurich now has a solution that allows you to tailor TPD protection to be more; aligned to modern client needs, affordable, and fit for purpose. You can do this by including our new Continuous Care option for new or existing TPD policies.
Contact us
Your Zurich Business Development Manager or the Adviser Services team will be able to support you with all your general enquiries
Phone 1800 500 655
TPD remains a crucial part of a customer’s overall protection needs. These needs remain the same, however, when they arise has changed. The Continuous Care option helps sharpen the tools available to financially protect for the changing lifetime impacts of TPD events.
Introducing Zurich’s Continuous Care option
The Continuous Care option pays a lump sum if the life insured needs to pay for carer costs from a professional or needs a family member to care for them full time. This optional benefit can be combined with a traditional, working any or own occupation definition TPD policy, to allow protection for disabilities that require continuous long-term care or significant home modifications.
Continuous Care option covers events where:
- The life insured has been permanently disabled and has been under continuous care for at least 3 consecutive months, and has undergone, or is continuing to undergo, all reasonable and appropriate treatment including rehabilitation.
- Ongoing care (an average of 6 hours a day) is required from a professional or family member who needs to cease work and this is confirmed by objective medical evidence
*Please read the PDS which contains details of when all benefits available under the Continuous Care option are payable.
Continuous Care product details
- Lump Sum Payment
- Available for those aged 15 – 60
- End age 65
- Minimum $250,000
- Maximum $5,000,000 (TPD Combined)
- Available as non-super or super
When reviewing previous TPD claims, only 23% of people who couldn’t work would have needed ongoing continuous care, click here to see detailed statistics on which conditions needed continuous care
Zurich’s Continuous Care option better suits modern ways of working, the modern health landscape and client protection needs.
We have designed this innovative product option for clients that;
Value Driven |
High Net Worth |
| Want peace of mind at a more affordable price. Continuous Care costs approximately 70% less than Wealth Protection standalone any occupation TPD. | Require a higher sum insured than is allowed with traditional cover. With larger caps on the amount of cover that can be put in the Continuous Care option. |
Let’s look at some advice scenarios and how Continuous Care works at claim
Until now, these different financial needs have had to be covered with one product solution. With the Continuous Care option, you can offer a more targeted and sharper solution to meet the needs more directly.
Combining traditional TPD with the Continuous Care Option means you can tailor the financial outcomes to the client’s needs, and within their budget. This ensures the right benefit to the right person at the right time.