Disability Income

If you were unable to work because of an injury or illness how would you and your loved ones cope? Many people will suffer from serious accident or injury at least once in their lifetime and any loss of income because of this will have a significant impact on your life. Disability income protection plans can help support you and your loved ones in the event that anything should happen.

Disability income protection plans help the policy holder with their living expenses in the event that they are unable to work. Usually you are able to purchase a disability income protection policy that will provide protection for 75% of your annual income. This means that in the event that you are unable to work due to injury or illness (even if the condition is not caused by your occupation) you are entitled to a monthly benefit that is equal to 75% of your monthly income.

Normally a disability income protection plan will continue to pay a benefit until the policyholder reaches the normal age of retirement. This means that your plan will give you and your loved ones peace of mind that support is available for many years. Disability income protection plans are also index linked, this means that your benefits will always be adjusted to the current inflation rates until you return to work.

Disability income protection plans will usually not cover for any pre-existing conditions that a policyholder may have prior to entering a plan. This means that even if the policyholder is unable to work because of a pre-existing condition, they are not entitled to the benefits associated with the policy.

There are a number of additional benefits that can be linked to a disability income protection plan including accident protection, accidental death benefits, accident survival benefits, and hospitalization benefits

Disability income protection is flexible and comprehensive in its nature. These plans mean that even if you suffer from a serious illness or injury you do not have to worry about the cost of living. Our expert advisers can help find the plans that most suit your needs and work with you to make sure that coverage is provided. For more information about a Disability income protection plan, or to receive a free quote, please fill out the form below and we'll get back to you.