Financial planning strategiesAuthor: Geoge Mathew
Everybody wish to live a healthy and wealthy life without any problems and to fulfil his/her dreams. There is a term named wealth creation in finance world. Wealth creation is an arrangement of collecting large amount of money. This can be done by increasing your salary, investing in some work where you get revenue or by engaging yourself in some other productive job. And the important thing is reducing or eliminating your debt. There are so many wealth creation plans to help you in a better way financially.
TPD is total and permanent disability. Anyone can go through from this dangerous time period where you are not able to do any work, to earn anything. It can affect your financial conditions to a great extent and also your family. There are life insurance policies which help you financially but only if you die or have temporary illness. Then what to do in case of permanent illness in which you are not able to go back to your work. There is TPD insurance facility to cover this condition. But it differs from company to company. Under TPD insurance, company will give you amount of money to pay your debts, family and household expenses, your medical expenses in order to maintain your same life style. Total and permanent disabilities insurance is only applicable if there is a physical loss of both the arms, legs, eyes or limbs to the person and medically proved that you cannot do your work again. Now-a-days, many life insurance policies also include the option for TPD insurance. You have to read the insurance agreement of the organization carefully.
Article Source: http://www.articlesbase.com/insurance-articles/financial-planning-strategies-6368396.html
About the Author
Financial Advisor for 360financialadvisers, One of the Best mortgage brokers and financial planners in Melbourne. He has written articles on financial planning and wealth creation for 360financialadvisers.com.au.