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Total Permanent Disability Insurance
- protecting your family's lifestyle in the face of long term illness or disability
Did you know that 29% of New Zealanders will be diagnosed with long-term illness or disability at some time in their life?1
Total Permanent Disability insurance cover provides a lump sum in the event of total permanent disablement caused by accident or illness that can be used in any way you wish to help secure your family’s future.
Benefits of Sovereign’s TotalCareMax Personal - Total Permanent Disablement (TPD) cover
- A lump-sum payment for total permanent disablement due to accident or illness.
- You can choose to be covered for any occupation or just your usual occupation.
- If you have TotalCareMax Life Cover, a Total Permanent Disablement (TPD) claim can be treated as an early (accelerated) payment of your life cover policy. This benefit can reduce the cost of premiums.
- Sovereign will pay up to $1,500 for professional financial advice, to ensure you get the most benefit from a lump-sum payout.
What is 'Total Permanent Disablement'?
The term ‘Total Permanent Disablement’ refers to the end result of illness or accident. It means you:
a) Can’t do your own job or another job which your skills may be suited to; or
b) Suffer loss of limbs or sight; or
c) Can’t perform at least two of the following activities without the physical assistance of someone else:
- Bathing and showering
- Dressing and undressing
- Eating and drinking
- Using a toilet
- Moving from place to place by walking, in a wheelchair, or with a walking aid.
Total Permanent Disablement also applies if you are unable to perform one of the activities noted above, and your intellectual capacity has reduced or deteriorated to such an extent that you require permanent and constant supervision.
For more information contact one of our Fairway Insurance Advisors now.
1. Statistics New Zealand, 2004
Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Fairway Insurance Services. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply.
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