In “The Permanency Dilemma”, Adam Crabbe, Zurich Australia's National Risk Strategy Specialist, explores the evolution and challenges of Total and Permanent Disability (TPD) insurance. The session delves into the historical development of TPD, its outdated alignment with modern occupational and health trends, and ethical dilemmas in its current design. It highlights Zurich’s research-based product innovation—the Continuous Care Option—aimed at addressing the limitations of traditional TPD coverage, especially for mental health and varying care needs. The session also touches on cost of care data, ethical obligations under Standard 5, the role of the NDIS, and introduces a TPD calculator for advisors.
Accreditation Points Allocation:
0.25 Client Care and Practice
0.75 Professionalism and Ethics