Total and Permanent Disability Insurance
How would your family or your business cope if you were permanently disabled? Do you have a plan to provide for them? What would happen to your future plans, and theirs?
While for most people the early death of an income earner would cause serious financial strain for those left behind, the financial impact would be just as serious if that income-earner became totally and permanently disabled and unable to work for the rest of their life.
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. Total and Permanent Disability(TPD) insurance helps you modify your lifestyle and gives you choice and options if you're left permanently without the ability to work.
TPD insurance pays a lump sum if you are permanently disabled and you're unlikely to ever work again. The money can be used for whatever you decide such as:
- fund lifestyle changes and home modifications
- cover the cost of long-term care or medical expenses
- pay any debts including your mortgage
- fund an on-going income for your family.
It's easy to take good health for granted. But the reality is, sometimes we become ill or have an accident and, if it’s serious, we might be unable to work ever again.
An Adelphi Insurance adviser can sit down with you and your partner, in the comfort of your home, and develop your family’s Personalised Insurance Plan to determine the ideal level of Total and Permanent Disability Insurance cover you need for your family’s unique circumstances and needs.
Some food for thought...
- At the time of the 2006 census twenty percent of New Zealanders lived with a disability, with accidents or injuries the most common cause of disability for adults aged 15 to 44 years. (1)
- There are an estimated 60,000 stroke survivors in New Zealand. Many are disabled and need significant daily support. (2)
- In New Zealand, there are approximately 300 people suffering from Motor Neurone Disease at any one time. Around 100 people are diagnosed with the disease and 100 people die every year. (3)
- 2006 Disability Survey, Statistics New Zealand
- The Stroke Foundation of New Zealand, 2012
- Motor Neurone Disease Association, 2012