According to Spinal Injuries Australia more than 10,000 people in Australia have a spinal cord injury. From 2010 – 2011, 40% of spinal cord injuries resulted in quadriplegia, whilst 60% resulted in paraplegia. Although shocking, it's estimated that the lifetime cost per incidence of quadriplegia is $9.5 million, whilst the lifetime cost per incidence of paraplegia is estimated to be $5 million.

Unfortunately, quadriplegia and paraplegia aren't the only forms of disability countless Australians may suffer during their working lives. Many will encounter a serious incident or injury that permanently prevents them from returning to work. In this situation, an individual would need to consider not only how they would care for their loved ones, but how they would care for themselves.

Budget Direct Total & Permanent Disability (TPD) Cover pays a lump sum benefit should you suffer total and permanent disability, such as the loss of limbs or sight, loss of independent existence, cognitive impairment, or the ability to work in any occupation. The lump sum benefit could fund everyday living and be put towards rental or mortgage payments, car loans, bills, school fees, and groceries. Most importantly, it could also be put towards medical expenses, modifications to your home, a professional carer, or rehabilitation costs to ensure that you're looked after.

Applying for Budget TPD Cover as an add-on to your Budget Direct Life Cover is an easy process conducted over the phone. With competitive premiums, you can rest assured there's cover to suit a range of household budgets and situations.