Anna’s parents had always instilled in her the value of insurance. As a single mother, with two small children, even when times were tough, Anna paid her premium, knowing that she would always find money somewhere to provide for her family. Several times, Anna considered throwing away her policy with “It won’t happen to me!”
When Anna’s elderly grandparents moved in with her, Anna used the special event trigger in her own occupation TPD insurance to increase her sum insured. This was to ensure that if she was unable to work as a nurse and provide for her, now very large family, that there would be enough money from her insurance to care for them all.
While driving up the coast to visit her parents one weekend, Anna was in a serious car accident. She sustained spinal injuries and a broken arm.
As a result, Anna now suffers from permanent restricted mobility and cannot stand for more than 2 hours a day. Her doctor told her that she would never be able to work at full capacity as a nurse again, given the physically demanding nature of her job and the long shifts spent standing and walking around.
Anna received a lump sum payment from her TPD insurance. As she has own occupation Anna received the full sum insured, some of which she used to modify her house to account for her restricted mobility. Anna also received her income protection benefits for nine months, while in rehabilitation, before decided she wanted to retrain and work part time.
Anna now works two days a week as a receptionist and nurse at a local medical centre – a job which involves sitting for most of the day. Anna now receives partial benefits from her income protection insurance to supplement her income from the medical centre.