DISABLEMENT PROTECTION
Being totally disabled is more financially destructive than dying if not appropriately insured.
What is Total & Permanent Disablement Insurance?
A payment of the sum insured will be made to you:
If you are deemed to be disabled and unable to be gainfully employed in either:
(a) Your own occupation; or
(b) The occupation you are qualified for by training or experience;
and you have been off work for three or six consecutive months and in the insurance company’s view with supporting independent medical evidence it is unlikely that you may ever be able to return to a suitable job or you are unable to do at least two of the following daily functions without help:
- get in or out of bed
- shower or bathe
- eat and drink
- dress and undress
- use the toilet
- move around unaided
or
You suffer permanent damage to your intellectual capacity e.g. you lose your memory and your ability to reason.
How Will it Benefit You?
If you are permanently disabled, then after six months you will be paid the lump sum to retire any debt and/or employ home care to allow you to have independent means. The capital may also allow you to purchase a purpose built freehold home or renovate your existing property.
Prudent Person Benefit Level
From KSL financial’s claims experience, we would suggest that the sum insured should be a minimum of your debt plus the cost of care, funded by the interest from the investment of the policy proceeds.
Contact Us
For more information, contact us on 03 365 4460.