Total Permanent Disability

Sometimes, life can change in an instant and the futures we dreamed of can end up being vastly different. An accident or serious permanent illness might strike when you least expect, leaving you totally and permanently disabled and unable to work again.

Protect Your Income If Unable To Work

We often take our health and ability for granted. Our capability to earn an income, pay expenses and maintain or grow our lifestyle is often the reason we keep doing our 9 to 5 jobs. We don’t think twice about our ability to feed, shower, clothe or take care of ourselves. But protecting that is essential.

Sometimes, life can change in an instant and the futures we dreamed of can end up being vastly different. An accident or serious permanent illness might strike when you least expect, leaving you totally and permanently disabled and unable to work again.

Unable to look after yourself, the lifestyle that you and your family have would be impacted. You might need around-the-clock care, modifications to your home, a new car to suit your situation - all on top of your usual day-to-day expenses. If you’ve lost your ability to earn an income, your chance of topping up the mortgage is unlikely. You could be relying on your partners income to cover everything and also to look after your recovery.

Being totally and permanently disabled could be considered 'financial death'. Your chances of returning to the workforce are very slim, and your medical costs could increase if you don’t have health insurance in place. You could be left in a situation where you can’t work, but you can’t claim on your life insurance.

Having a total and permanent disablement policy in place means that you have a lump sum to use how you wish. You might want to pay off the mortgage so that your expenses are lowered, or make sure you can get around in your home with ease. Your partner can take some time off work to adjust to your new lifestyle, knowing that there are funds there to rely on.

Our Advisers can take steps so that if the worst happens to you that you, your family and your lifestyle are taken care of.

Find An Adviser

In 2013, 24% of the New Zealand population were identified as disabled, 21% of these were between ages 15 and 64. (2013 Disability Survey, Statistics New Zealand 2013).

18th Jun by Lifetime

At Lifetime we understand the impact that these health situations can have on you both emotionally and financially. Your Adviser can be that person who can be there to reassure you especially if you hold insurance policies; they often cover more situations than you think.

26th Feb by Nathaniel Byers

Paying for trauma cover might seem like an avoidable expense, but it can prove vital to safeguarding your financial standing should the worst happen, says Lifetime financial adviser Nathaniel Byers.