Tidswell Risk Protection Plan

The Tidswell Risk Protection Plan offers a range of cost-effective personal risk insurance options, including Death only, Death and Total and Permanent Disablement (TPD) and Income Protection insurance cover. It is designed to meet the needs of individuals and groups such as superannuation fund members, employees or associations.

It doesn’t matter what stage of life you are at or how careful you are, suffering a serious illness, injury or even death is largely out of your control. While insurance can’t prevent these events from occurring, it does provide you and your family with financial protection at a time when you need it most.

Death & TPD Cover

Death cover provides a lump sum payment if you die, or in some cases, if you are diagnosed with a terminal illness. TPD insurance protects you and your family by paying a lump sum payment if you suffer a total or permanent disability and are permanently unable to work.

Without adequate Death or TPD cover your family or dependants may need to run down their savings, sell assets and/or rely on family or Centrelink for assistance.

Some of the key features of Death and TPD insurance through the Tidswell Risk Protection Plan are:

24 hour worldwide cover
Individualised insurance cover specific to your needs
Ability to tailor group insurance cover at competitive rates for superannuation funds and employer groups

Increase cover at any time by application and subject to any underwriting requirements
Key person insurance to help protect your business if a key staff member dies or is unable to work due to total and permanent disability

Income Protection

The ability to generate an income is one of your most important assets. If you are unable to work due to illness or injury you still need to pay your bills, mortgage payments, credit card and other loan repayments, as well as your everyday living expenses. This is where Income Protection insurance can really support you and your family by paying a regular monthly benefit (calculated as a percentage of your income) when you’re absent from work due to illness or injury.

Some of the key features of Income Protection insurance through the Tidswell Risk Protection Plan are:

24 hour worldwide cover
Individualised insurance cover specific to your needs
An insured benefit of up to 75% of your income is available to a maximum monthly benefit of $30,000. Within superannuation up to 85% of your income can be insured, which includes 10% superannuation contributions.

Waiting periods of 30, 60 and 90 days are available
Choice of a benefit period of 2 years, 5 years, to age 60 or to age 65
Premiums are generally tax deductible where cover is held outside superannuation

This website is intended to provide general information only and has been prepared without taking into account your objectives, financial situation or needs. Tidswell Financial Services Ltd ABN 55 010 810 607 AFSL 237628 is the policy owner and issuer of the Tidswell Risk Protection Plan and MetLife Insurance Limited (MetLife) ABN 75 004 274 882 AFSL 238096 is the insurer. Before making a decision about whether to acquire or continue to hold the product you should consider the Product Disclosure Statement available from Tidswell at www.tidswell.com.au or by calling (08) 8223 1676.