Don’t overlook impact of TPD, adviser urges
Hamilton said he had done “more than my share of TPD claims” through the years.
They were all clients who had “own occupation” cover, so the claims were paid when they were unable to continue to work in their current fields, rather than “any occupation” cover, which requires people not to be able to work at all.
“None would have been claimed under ‘any’,” he said. “Own occupation is the way to go.
“I think – my personal opinion – is that the name TPD can create a misconception around what’s eligible for a claim. All these clients were still working. They weren’t permanently disabled but met the definition for the payout.”
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