Are you prepared for life’s ‘what ifs’?
Will your dependents have sufficient funds to meet their daily and future needs?
Will you become a financial burden to your family or relatives?
What if your career was suddenly interrupted by long-term injury or illness?
How will you continue to accumulate sufficient capital to provide for retirement?
Disability Benefits
Think about it, if a family only had one breadwinner or needed both parents’ salaries just to survive, what would happen if that breadwinner or one of those parents could no longer work anymore? What would happen to that family?
That’s where disability insurance comes in. In the event of a total and irreversible disability that results in the insured being unable to work, they’ll receive a lump sum payment to help them cover their living expenses. Disability insurance can also assist the policyholder with their business assurance needs in various situations such as on a buy and sell policy or a key man policy. Comprehensive Disability benefit pays out should the insured become completely and irreversibly disabled and as a result, unable to work in their own or a similar occupation.
It also pays in the event of impairment:
- Core Impairment: The loss of use of limbs; loss of hearing, sight or speech; traumatic head injuries; permanent mental or cognitive impairment; and the inability to perform 2 or more daily activities.
- Comprehensive Impairment: Specific respiratory, digestive, musculoskeletal, nervous, cardiovascular, endocrine/urological/renal system conditions; cancer; mental and behavioural disorders; and advanced AIDS.
Speak to us about arranging a plan tailored to your needs.
Need to insure your business, investments, car, home and your life?
We can help make the process as simple as possible.