Disability Income

Do you insure your income?

You can't avoid accidents, but you can reduce their financial impact!

Disability income insurance provides a monthly benefit for loss of income due to an injury or illness. As an income replacement protection this coverage pays you a monthly benefit amount during a short term or long term absence from your occupation. Buying disability income insurance (DI) is an important decision that could impact your family, dreams and financial stability. It's very important to understand how disability insurance policies work and how they differ from company to company.

Terms of a Disability policy depends on many

Factor’s that include your occupation 

▲Occupational Class: identifies your occupation and risk level of your occupation.

▲Maximum Issue Limits: based on your occupational class, this is the maximum     amount of benefit the policy will pay out for the set period of time.

▲Elimination Period: 30, 60, 90, 180 ad 365 consecutive days (all ages, all classes) is a waiting period prior to your benefits paying out to you.

▲Benefit Periods:  the period of time your Disability benefits will pay you. Options range from 1, 2, 3, 5 years to age 65.

▲Renewability: the period of time that your policy can be renewed as a guarantee   or conditional and to a certain age.

▲Benefits and Features: special features that are included in the standard policy at no additional cost and vary from product and company.

▲Optional Riders: benefits and features offered for additional premium. These options can add additional coverage onto the standard policy benefits or extend the policy coverage.

▲Payment Modes and policy fees vary from company to company.