Disability Insurance | Income Protection
Broker Directory Article
Disability Insurance (DI) in South Africa
Disability Insurance (or Disability Income Insurance / Income Protection), is a form of insurance cover that insures the beneficiary's earned income against the risk that a disability creates – a barrier for a worker to complete the core functions of their work.
|See Income Protection & Disability Cover News:|
|• Income Protection versus Lump Sum Disability Cover (May 09, 2017)|
There are a lot of 'what ifs' in life. By taking out Disability Insurance (DI), you can make sure you have the answer to at least ONE of them – if you become physically disabled or unable to do your job, disability cover will give you a specified lump sum or monthly income, so that you can live comfortably, even if you can no longer work.Your health is priceless! Being able to work, gives us all the ability to earn an income, enjoy life and take care of our families.
A sudden and severe illness causing an occupational or physical disablement (or impairment), will jeopardise your financial position and lifestyle. Regardless if the injury or illness is temporary or permanent, Disability Insurance cover (or Income Protection cover) will ensure your financial security.
There are many options available when it comes to disability insurance and income protection plans.
These options may be confusing – and also time consuming to study the various disability insurance options.
In fact, we therefore recommend that the smartest thing you can do is -- Get a specialist broker to do it for you!
|Also, the following considerations applicable to Disability Insurance, may be of value:|
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