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Term Life Insurance case study

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Mr Briton* had been working as a plumber since the age of 16, and had taken out a Westpac Term Life policy with a total and permanent disablement option benefit. He is married with children.

In February 2000, Mr Briton developed osteoarthritis causing severe pain in both hips, as well as in the lower back. This pain became unbearable and by September of that year, he could no longer continue work.

At the age of 44, his doctor told him that he needed both hip joints replaced, and would never be able to work as a plumber again, or any other job for which his skills were suitable for.

After the six-month qualifying period, Mr Briton was paid the full total and permanent disability benefit of $450,000.

A Financial Planner can help you tailor a Westpac Term Life policy with total and permanent disablement to give you and your family peace of mind.

* The name of this person has been changed to protect their identity.









 

 

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