Continuum Financial Planners, Brisbane, Noosa, Warwick

TPD Insurance features and benefits

What is TPD Insurance?TPD Insurance is Total and Permanent Disability insurance Total and permanent disability insurance (TPD insurance) is one of the life insurance policies available to provide personal protection against financial loss arising from an illness or injury that prevents the insured person from returning to (their previous type of) work. TPD Insurance plays a crucial role as part of wealth protection strategies, providing asset protection when needed most. (A useful feature of this type of policy [...]

Income Maintenance Period

What is the Income Maintenance Period? 1 Income Maintenance Period (IMP) treats lump sum payments for outstanding leave and redundancy received at termination of employment as assessable income for the period relevant to the leave and the weeks of pay included in the redundancy. It gives rise to a period during which benefits may (and usually will) be precluded. The IMP commences on the day that you receive the leave [...]