What would happen if you were told you were not able to work in your own occupation again?
You could reach this point in our life quickly or slowly. Illness can gradually erode your health until you’re unable to work every again; a serious accident could leave you totally and permanently disabled.
Statistics tell us that for every death in our country, 17 people will become disabled to the point where they can’t work.
Ask yourself:
- In the short and medium term, how will you take care of debt and pay for living expenses?
- How will you take care of future needs, such as education, helping your kids into their first homes or funding retirement?
Total and permanent disability insurance allows you to maintain a quality of life for yourself and your family if you are permanently disabled. When you think about the changes which would occur in every aspect of your everyday life if you suffered a permanent disability, being able to maintain some normalcy, and not having to worry about finances can make TPD insurance an investment worth considering.
Example
53 year old Robbie was on his way to work when a commercial van pulled out in front of him. The ensuing collision gave Robbie a fractured tibia requiring eternal fixation; he also suffered several fractured ribs. Robbie developed a chronic compartment syndrome in the lower portion of his damaged leg.
After three surgeries he was left with a significant permanent disability and an ongoing need for medical care. He was unable to return to his teaching job. Because he had an “own occupation” total and permanent disability policy, he was able to make a claim which provided him with the funds to help plan for his future.