Hi everyone, we are talking about Total Permanent Disability, a potential claimable condition on most UK Critical Illness Contracts. We are talking about how TPD claims work and also the difficulties that can be experienced in placing a claim for this condition.

This episode is taking a different approach to usual. As you know we love protection insurance and getting as many people as possible to take it out. But, you will hear this time that both of us are very on the fence as to whether we would recommend someone includes TPD in their critical illness cover, or even take it out ourselves.

The key takeaways:

• In 2022 only 70% of TPD claims were successful.
• Watch out for TPD definitions and exclusions when you are reviewing a client’s critical illness cover.
• It’s worthwhile taking that bit of extra time to explain the limitation of TPD to your clients, so that there is less confusion over whether they can make a claim.

Next time I will be joined by Debbie Smith from Swiss Re and we will be talking about long term income protection claims and what the statistics are showing us. 

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.