Total Permanent Disability insurance: preparing for the unexpected in your working life
In an uncertain world, preparing for the unexpected is not just prudent; it's essential. Total Permanent Disability insurance (TPD) can assist with providing financial stability when life takes an unforeseen turn. At NZBritannia, we understand the importance of not just having insurance, but having cover that aligns with your unique needs.
The significance of Total Permanent Disability insurance
TPD provides a financial safety net if you find yourself unable to work due to certain types of severe illness or injury.
Why you might need to consider Total Permanent Disability insurance
The prospect of being unable to work due to a permanent disability is a daunting thought, yet it's a reality many New Zealander’s face. TPD insurance is designed to assist with your financial security in such circumstances. Here's why it's worth considering:
- Loss of income: The most immediate impact of being unable to work due to a total and permanent disability is the loss of income. TPD insurance can provide a lump sum payment to help replace lost income, making it easier for you to maintain your lifestyle and meet financial obligations.
- Medical expenses: A disability covered by TPD insurance often comes with ongoing medical costs. The payout from a TPD policy can help cover these expenses, alleviating financial stress.
- Lifestyle adjustments: Adapting to a permanent disability covered by a TPD policy may require changes to your home or lifestyle, which can be costly. TPD insurance can provide the funds needed to make these adjustments.
- Peace of mind: Knowing you have financial protection in place in case you become totally and permanently disabled can provide peace of mind, allowing you to focus on your health and well-being without the added worry of financial strain.
It's important to understand the terms and conditions of TPD insurance, including what constitutes "total and permanent disability" under your policy. At NZBritannia, we can help you navigate these details, ensuring you have the right coverage to protect your future.
Why NZBritannia?
- Personalised assessment: Even if you already have insurance, our team can assess its suitability to your current circumstances, ensuring it meets your evolving needs.
- Expertise: We have strong relationships with many of New Zealand's major insurers, allowing us to find the best fit for you.
- Comprehensive understanding: We guide you through different TPD policies, clarifying what they cover and, importantly, what they don't. We believe in no surprises at claim time.
The NZBritannia process
- Getting to know you: We start by understanding your existing insurance, debts, family needs, and other factors that may influence your coverage requirements.
- Creating and implementing a personalised plan: Our team researches various insurance options, presents them to you, and once you’re satisfied, assists with the paperwork and negotiations to secure optimal terms.
- Keeping your insurance on track: Insurance isn’t a set-and-forget affair. We will keep in touch to offer our ongoing assistance with ensuring your coverage evolves with your life changes.
- Support at claim time: Navigating claims can be challenging. We're here to help manage the process, alleviating stress during difficult times.
The importance of understanding your coverage
It's crucial that you understand exactly what conditions your TPD insurance covers. We ensure you understand the fine print, so there are no unexpected gaps in your coverage.
Get in touch
At NZBritannia, we're committed to helping you find the right coverage to protect your working life and beyond.
Contact us today for a personalised assessment and expert guidance tailored to your needs. Call us on 0800 500 811 to learn more about how we can help you prepare for the unexpected.