TPD Insurance pays out a lump sum amount in the event that you become totally and permanently disabled and unable to perform your own occupation, or any other occupation to which you may be suited, either by experience or education (depending on the policy definition).

The lump sum payout can be used however you see fit.

Common uses include reducing or extinguishing debt, investing an amount which will provide an ongoing income to replace your pre-disability income, and for home or car modifications that may be required depending on the disability.