Liberty Life NZ - disability insurance

By: Liberty Life  06-Dec-2011
Keywords: Disability Insurance

Disability insurance guards your greatest asset - your ability to earn an income. It defies logic not to insure your income if you are dependent on it to maintain your lifestyle. It's worth noting that 84% of people with disabilities first become disabled before the age of 65.

In most New Zealand homes, the difference between ordinary subsistence and actual want is only a few weeks. Life is more expensive when you are disabled than when you can work. For those starting again after immigration, where two incomes are crucial to recouping lost capital, it is essential to insure your incomes to cross-support each other.

In additional to a monthly disability income, it is essential to have lump sum disablement benefits paid if you become permanently disabled, or suffer one of the common diseases such as heart attack, stroke and cancer. Lump Sum Disability cover pays off any debts, so your Income Protection can do the job of paying for your lifestyle instead of covering mortgages and other large debts.

ACC is sponsored by the Government of the day and is highly susceptible to change according to the whim of politicians. Furthermore, ACC only pays for accidental disablement, not ill health. The reality is, most disabilities result from sickness.

Keywords: Disability Insurance

Contact Liberty Life

Email - none provided

Print this page

Other products and services from Liberty Life


Insurance and Financial Advisors, Auckland

We work only with insurance companies and other financial service providers whom we absolutely trust. The following companies meet all of our strict criteria. Other services shown on the sidebar on the right.


ACC CoverPlus Extra

We are all facing levy increases this year, and as a consequence, many people are moving to Accident Compensation Cover Plus Extra which allows qualifying self-employed workers the opportunity to adjust their cover. Our experience shows clients can reduce the amount of annual levies and also improve their cover in making it more relevant to their personal situation.


Liberty Life NZ - retirement annuity

An ever increasing number of South Africans who live overseas are recognising the excellent opportunity this change in legislation presents, especially given the current strength of the Rand and are appointing CashKows to extract and repatriate their funds.


Life Insurance - Liberty Life NZ

You can provide a mortgage-free home for your family, and enough money to replace your income. It gives you the security of knowing your family will be taken care of when you die. Provides a lump sum payment on your death or on diagnosis of a terminal illness.


Liberty Life NZ - living assurance

These diseases give rise to all sorts of financial problems because in the majority of cases they do not cause death but impair your key ability to maintain the sort of job that pays the large salary and your ability to earn an income. This benefit is payable in the form of a lump sum on diagnosis of a major critical illnesses such as cancer, heart attack, stroke, coronary heart disease, etc. which impact on over 80% of the population.