This type of insurance, as its name suggests, protects you against total and permanent disability. It pays you a lump sum should you become unable to work due to disability caused by an accident, illness, or injury.
Total and permanent disability is defined under this policy as being unable to work in or perform an occupation for which they are suited by training, experience, and education.
Total and permanent disability insurance can be used to help you:
- Pay off expenses incurred by the disability which includes rehabilitation costs and nursing care
- Help you pay for lifestyle changes because of the disability, such as refitting your home according to your needs
- Provide an extra income should your spouse be obliged to cut off her working hours to take care of you
- Provide an income for you and your family
Without Total and permanent disability insurance to cover you, just imagine what kind of emotional and financial stress your family would go through if you become disabled for an indefinite period of time.