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Total Permanent disability (TPD) insurance
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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. |
The benefits of Total permanent disability insurance
In situations like total and permanent disability, the biggest cost to the affected person, is of course, the loss of their income due to their inability to work. 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, get in touch.
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, get in touch.
