Permanent Disability Insurance could be Long Term Disability Insurance that is set up with a benefit to age 65. Therefore, if a permanent disability is suffered, the policy will pay the benefit until retirement age.
In Australia, Total and Permanent Disability (TPD) insurance is a policy that would pay a lump sum if the insured person suffered total and permanent disability.
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In Australia, Total and Permanent Disability (TPD) insurance is a policy that would pay a lump sum if the insured person suffered total and permanent disability.