TPD Cover Insurance In NZ
Some background information is necessary if you want to purchase TPD insurance in New Zealand. To begin, in New Zealand, total and permanent disability insurance is not mandated. But if you have a job, your company might insist that you get one. TPD cover can also provide financial security for you and your loved ones if you’re self-employed or own a company in the event of your untimely demise. TPD cover in NZ comes in a few distinct flavours. Its Most common form of disability insurance is called “lump sum cover,” and it provides a one-time payment if you become disabled and cannot work due to an accident or sickness. A part of your lost income can be compensated for by income protection insurance in the event that you become unable to work. Last but not least, there’s mortgage protection insurance, which would pay your debt if you become disabled and unable to work.
