TYPES OF LIFE COVER Life Cover - pays nominated beneficiaries a fixed amount of money if you die. Total and Permanent Disability (TPD) Cover - covers the costs of rehabilitation, debt repayments and the future cost of living if you are totally and permanently disabled. Trauma Cover - provides cover if you are suffer a major illnesses or injuries that will make a significant impact on a your life, (e.g. cancer or a stroke). Income Protection Cover- replaces the income lost through your inability to work due to injury or sickness.