Total Permanent Disability Cover (TPD)

Nobody likes to think about becoming disabled, but permanent disability affects many New Zealanders.

An illness can erode your health either gradually or quickly, until you’re unable to work – or a serious accident could leave you totally and permanently disabled.

 

If you become disabled there are all sorts of unexpected costs you are going to have to deal with – permanent disability cover can take care of those costs, giving you the peace of mind to focus on coming to terms with your disability.

 

Key Benefits of Total Permanent Disability Cover (TPD):

  • Lump sum payment in the event that you completely lose your ability to ever work again as a result of illness or injury
  • Early partial payment – immediate release of 25% of your TPD up to a maximum of $10,000 if you suffer one of the following permanent impairments: Loss of use of one hand, Loss of use of one foot, Loss of sight in one eye, Loss of hearing in one ear, Progressive loss of sight or hearing
  • Professional assistance – if your family need assistance with managing the proceeds from your claim, your PDC provides a financial/legal advice benefit up to a maximum of $2,500, payable in addition to your PDC
  • Worldwide cover – your PDC is valid wherever you are in the world

Statistics show that one in nine men, and one in five women will become disabled and unable to work for more than 12 months before the age of 65. If your working life comes to a complete halt, there are both present and future financial costs to consider.

 

Permanent disability cover provides a lump sum payment if you’re permanently disabled due to illness or injury. The payment can be used for any purpose – living expenses, a full-time carer or modifications to your home – whatever extra costs you incur due to your disability.

 

But it is also useful for eliminating or reducing debt, so that you can maintain an affordable lifestyle. It immediately lifts the financial burden of your disability or illness, making it easier for you and your family to look to the future optimistically.

 

Together we can develop a plan is as flexible as you need it to be. If your life circumstances change, we can restructure your insurance plan so that it works with your budget, but still covers all of life’s unpleasant possibilities.

I’ll create you a comprehensive insurance plan that is completely tailored to cover your specific insurance needs and fits within your budget.