If you are unfortunate enough to get into a situation caused by illness or injury whereby you are unlikely to ever be able to work again, then this kind of cover would pay out a lump sum amount. The lump sum payment is designed to pay out in addition to any other financial help that might be available through, say, an income protection plan or ACC payments.

 

In situations like total and permanent disability, the biggest cost to the affected person, is of course, the loss of their ability to work, and thus earn an income. However, other costs like home modifications to aid wheelchair access, or car modifications, are very common.

 

Lump sum payouts can go a long way towards addressing these kinds of needs.

 

Classifications and parameters for ‘total and permanent disability’ differ with the various insurers and that becomes the basis for the quality of these covers.

 

To get a superior quality of cover for yourself and your loved ones without undergoing the hassle and jeopardy of trying to evaluate these yourself, you can talk to us by hitting the 'Free Appointment’ button.