Permanent Disability

Total Permanent Disability cover provides a lump sum payment should you completely lose your ability to ever work again through illness or injury. This cover is designed to alleviate the significant financial impact that losing an income forever would likely cause.

Why do you need Permanent Disability Insurance?

  • 4 out of 10 New Zealanders suffer some type of disability or long-term illness before the age of 65*
  • 1 in 8 people will have a stroke. It is the leading cause of major disability in New Zealand and the third most common cause of death. Every day 20 people suffer a stroke in New Zealand.
  • The University of Auckland has revealed a 40% decline in the number of deaths after stroke in the total population of Auckland over the past 25 years. However, as the death rate declines, there has been a significant increase in the number of patients with an impaired level of consciousness and mobility following a stroke.

*Davies Financial and Actuarial Ltd
**The Stroke Foundation of New Zealand 
***The George Institute for International Health, in collaboration with Auckland City Hospital and The University of Auckland, 2007      

Waiver of Premium

When you're unable to work due to illness or injury, insurance cover remains as important as ever. Waiver of Premium cover provides the assurance of continuity of protection for you and your family.

Do you have questions or do you need a Quote Talk to an Adviser