Permanent Disability Insurance for Business Owners
Nobody likes to think about becoming disabled, but disability affects many New Zealanders. Statistics tell us that one in nine men and one in five women will be disabled and off work for more than 12 months before the age of 65¹.
So how would your business cope financially if you or a key person in your business was suddenly disabled permanently? How would you pay off your debts and expenses? And how would you continue to support your family?
The solution is Total and Permanent Disability Cover.
¹ Insurance Alert, Winter 2000
Contact us for great advice.
Total and Permanent Disability Cover
Financial support to ensure your business can continue even if you’re permanently disabled.
Total and Permanent Disability Cover (TPD) provides a lump sum payment of up to $5 million if you or a key person in your business is permanently disabled due to illness or accident.
The payment can be used for any purpose – reducing debt, hiring a replacement person, or buying out your partner’s share of the business for instance. What’s more, our TPD Cover has the flexibility to adapt as your business changes, with the ability to increase your level of cover without any medical underwriting.
Please refer to the relevant policy document for full details of the insurance contract and the terms, conditions, limitations and exclusions that may apply.
• Guaranteed renewable to age 65
• Can be taken out as an accelerated benefit against Business Life Cover or as a standalone benefit
• Funeral benefit
• Assistance benefit
• Ability to increase your cover as your business grows
• Worldwide cover
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