What if a permanent injury or illness can make it difficult or impossible to return to work. Total Permanent Disability insurance can be the solution here. When deciding if you need TPD insurance, and how much, think about the expenses you’ll need to cover if you were permanently disabled and unable to work.
These could include:
- Living expenses for you and your family
- Repaying debts such as a mortgage or credit card
- Medical and rehabilitation costs
- Savings you want for retirement
Also think about what you have that could help pay for these costs.
This could include:
- Private health insurance that can help pay for medical expenses
- If you have trauma or income protection insurance, that can help replace lost income. You may hold these insurances through your super fund
- Any savings or investment you could sell
- What support from family or friends may be available
The gap between the amount you have and the amount you’ll need can be a guide as to how much TPD cover you may need.
If you need help deciding if you need TPD insurance, and how much, we at Halo Advisors can offer our expertise and look for solutions for you.
Click here to know more: https://haloAdvisers.co.nz/insurance/tpd-insurance/
For More information:
Call: 021 1835 835
Email Us: shak@haloAdvisors.co.nz
