NOUN: Insurance against the possibility of becoming permanently disabled. – Collins English Dictionary
Let’s face it, we never know which way the dice are going to roll! That is why having an insurance cover is so vital in our day-to-day lives.
Disability insurance is an insurance policy and/or benefit that is designed to provide a regular income, or a lump sum payout, to persons who can no longer work, because of an illness or disability. It aims to protect people from financial loss, due to them being incapable of working, and consequently being unable to earn their regular income, as well as assisting with any medical or secondary costs that arise from the disability.
In case of such an event, we need to ensure that our loved ones, and ourselves, are covered in cases of unexpected illness or accident. Disability Cover will provide you with an income, or lump sum payout when you are unable to continue working.
It can also provide for expenses that occur because of the disability you suffered. It can help finance alterations you may need to be done to your home or your car, due to your disability. It is not about doom and gloom! It is about being wise and planning. Being responsible for protecting your finances in the future, in case of such unfortunate incidences taking place. It helps to maintain one’s standard of living, paying for your accounts and household expenses, while not earning an income or before receiving a disability grant.
It is important to note all insurers have different rules, so it is important to understand the policy you select.
Various insurers offer benefits that can be tailored to your specific requirements. Either lump-sum payouts or monthly payments with various protection factors. You could choose either one or a combination of both.
At Evolution Life, we offer a once-off insurance payout in the event you become permanently disabled and are unable to perform the duties of your specific job type with a maximum benefit of R24 000.
Call a friendly Evolution Life Agent on 086 111 4803 to discuss this benefit.
