Total and Permanent Disability Insurance pays you a lump sum amount if you become disabled due to an illness or injury and:
a) You cannot do your own job or (where applicable) another job to which your skills may be suited; or
b) Suffer loss of limbs or sight; or
c) Cannot perform at least two of the following activities without the physical assistance of someone else:
Why take Total and Permanent Disability Insurance?
Total and Permanent Disability insurance can help you to ease the financial stress on your family by covering the following costs and expenses:
How much Total & Permanent Disability Insurance is sufficient?
To ensure you have sufficient insurance to cover yourself and your family in the event of a disability, you should ideally take total and permanent disability insurance equivalent to the loss of income you will have between now and retirement at the age of 65.