Disability Cover

(a) The benefit is paid out usually as a tax free lump sum.

(b) You can purchase total permanent disablement with definitions of either ‘own’ occupation or ‘any occupation, but this will depend on the criteria of the issuing company, and the occupation of the applicant.

(c) It is commonly added as an additional benefit to a life cover contract, but is also available as a stand alone benefit.

(d) This type of cover usually ceases upon the life insured attaining the age of 60 or 65.

(e) These contracts are structured only to pay upon the onset of a major totally disabling accident or illness, and the medical criteria to qualify for such can be quite demanding.

(f) Cover is usually 24 hours a day world wide.