Life and TPD insurance are both designed to offer financial protection to dependents in the event of a policyholder’s death or permanent disability. When choosing a life or TPD policy, the array of products and features can be extremely confusing, so it is important to get professional advice when you are choosing a policy. Finding an insurance provider who offers quality and consistency is extremely important and that’s where doing your research can help.

According to Money Magazine’s 2012 insurance awards, the best term life and TPD provider is AIA Australia with its Life Cover and TPD product. AXA’s Life Insurance Plan and TAL’s Life and TPD products came a close second. All of these companies were considered consistent performers in the category of life and TPD insurance and offered attractive and useful features to policyholders.

One feature which sets AIA Australia apart from the others is the option for policyholders to draw down part of their benefit while young and save the rest for anticipated expenses in the future. This flexibility is particularly useful for those who are intending to start a family in the future or face the possibility of other increased demands and costs, such as mortgage debts.

Choosing the right life and TPD insurance for your circumstances is an individual decision and one you should not make without proper financial advice. Choosing a policy based on price alone could mean you miss out on important features and valuable cover. Make sure you make an informed decision and speak to a financial planner about the best options to protect your future and that of your loved ones.

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