Disability benefits

Disability insurance provides a lump sum benefit should the insured become permanently disabled and as a result, is unable to work and earn an income. This benefit aims to compensate for the future loss of income and costs associated with being disabled.

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.

We have 4 disability benefits:

  • Accidental Disability
  • Disability
  • Comprehensive Disability
  • Disability Plus

All 4 of these benefits offer:

  • 2 guarantee periods: fixed (15 years) and experience rated (annually reviewable)
  • Standalone or accelerated options
  • A 3-month survival period
  • Term up to age 65 or for life

Benefits in this range:

Accidental Disability benefit Disability Comprehensive Disability Disability Plus