Many of us invest our lifetime and a lot of money into building a successful business. Having Complete Disablement Cover means if you or a key person within your business becomes completely or partially disabled through illness or injury, your business has financial support to help it to continue to operate into the future or provide you with money to help buy or sell out.
Some examples of how this money can help are:
Built-in benefits
Payment of the full Complete Disablement Cover sum insured if you become completely disabled.
Built-in benefits
A partial payment for loss of sight in one eye or the loss of use of one limb.
Built-in benefits
Allows you to convert your Life Cover to another policy if your circumstances change.
Built-in benefits
Cover for costs of accommodation and transport for a support person to go with you if you need to travel away from your home area for treatment.
Built-in benefits
A reimbursement of up to $2,500 for the costs of receiving professional advice.
Built-in benefits
A waiver of waiting period if based on medical evidence the disability is expected to be permanent.
Optional benefits
Allows you to increase the monthly disability sum insured without further assessment of health if there's something that means you need to increase business insurance for you or a key person.
Insurance that pays a monthly amount in the event you or one of your key people are unable to work as a result of illness.
Insurance that provides a monthly "agreed value" benefit to help compensate for losses a new business may face if a life assured is unable to work as a result of an injury or illness.
Insurance that pays a lump sum if you or a key person sustains one of the covered injuries as a result of an accident.
Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit www.ambest.com/ratings/guide.pdf