Home Duties
Home Duties Total and Permanent Disability (TPD) Insurance pays you a lump sum benefit in the event that you are totally and permanently disabled and unlikely to ever be able to return to normal domestic duties.
Published March 30, 2015
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Advantages of Home Occupation
- Cover for the stay at home partner
Even if the stay at home parent does not work, Total and Permanent Disablement cover is still available with a ‘home duties’ definition’, protecting the family financially if the stay at home parent cannot perform normal domestic duties’ - Take out cover through superannuation
Home duties TPD is available though superannuation, helping you to manage your cash flow
What are ‘Normal Domestic’ Duties’?
Normal or Home Domestic Duties are generally defined as:
- Cooking of family meals
- Cleaning of family home
- Family laundry
- Shopping for family’s food
- Taking care of children or dependents
General Policy Details
| Minimum Entry Ages: | 16-64 |
| Policy Expiry Age: | 65–100 (Depending on your insurer) |
| Policy Conversion Age: | 65-70 (Policy will generally convert to Modified TPD Definition) |
| Max Sum Insured: | $2,000,000 |
What can the benefit be used for?
The lump sum benefit can be used in a number of ways including:
- Debt repayments
- Medical Costs
- Home Modifications
- Providing an income
Home Occupation Definition
In most cases, ‘Home Occupation Total and Permanent Disablement’ relates to full time unpaid domestic duties performed within the home. In order to claim the insured must be unable to:
- Perform regular domestic duties
- Leave the home or participate in any form of occupation for a period of at least 3 – 6 months due to an accident or sickness
It must also be determined that:
- Based on available medical evidence and by at least one medical practitioner that the insured’s injuries or sickness are determined to be so severe that they are totally and permanently disabled and unlikely to ever be able to return to normal domestic duties.
Please note: Some insurers may extend this definition to include that the insured must be under the regular care of a medical practitioner or may require ongoing medical care.
Please be aware that this is a general definition and will change between insurers. It is important to consult your PDS for a more detailed definition.
TPD Partial payment benefit
Select life insurers generally pay up to 25% of the sum insured in the event the insured suffers the loss or use of:
- One arm; or
- One leg; or
- The sight of one eye
If later the insured becomes totally and permanently disabled, generally the policy will pay out the balance of the sum insured.
Case Study
Joan is a homemaker, staying at home to look after her two children and the house.
During the course of her home maker duties, Joan suffers from an illness which causes her to lose vision in both eyes.
After determining that her eye sight loss is permanent and that it would prevent her from ever being able to perform a number of domestic duties, she is able to claim her Home Occupation TPD Lump Sum Payment.
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