Being totally disabled is more financially destructive than dying if not appropriately insured.
What is Total & Permanent Disablement Insurance?
This is where a payment of the sum insured will be made to you, if you are deemed to be disabled and unable to be gainfully employed in either:
- Your own occupation; or
- The occupation you are qualified for by training or experience;
and you have been off work for three or six consecutive months and in the insurance company’s view with supporting independent medical evidence it is unlikely that you may ever be able to return to a suitable job or you are unable to do at least two of the following daily functions without help:
get in or out of bed
- shower or bathe
- eat and drink
- dress and undress
- use the toilet
- move around unaided
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How will it benefit you?
If you are permanently disabled, then after six months you will be paid the lump sum to retire any debt and/or employ home care to allow you to have independent means. The capital may also allow you to purchase a purpose built freehold home or upgrade your existing property to cater for your disabled needs.
How much cover is appropriate?
Whilst we would prefer to undertake a full risk assessment tailored to your personal situation, from our claims experience it is suggested that your sum insured should be not less than a combination of your debt plus the cost of care, funded by the interest from the investment of the policy proceeds.
Contact Us
For more information, contact us on 09 521 1685 or 09 407 8125.
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