Total and Permanent Disablement

Total and Permanent Disablement

Did you know that the average age of people claiming on their permanent disability insurance is only 49 years?

Knowing that ACC will kick in should we have an accident lulls us into a false sense of security. Accidents of nature - stroke, motor neurone disease or multiple sclerosis, for example - can also affect your ability to hold down your current job. Commercial Death!! Imagine the effect on your ability to do your job should you, through illness or accident, lose the use of your eyes or hands. Permanent Disablement insurance provides you with your fallback position. Permanent disability cover provides a lump sum payment for the permanently disabled, giving financial stability when it is most needed.

Frequently Asked Questions

  • What insurance premiums are tax deductible?
    As a rule, if the premium is tax deductible, then the benefit paid is tax assessable? There are some exceptions to the rule and full discussion is required on this topic – if in doubt, talk to a tax expert.