Total & permanent disability insurance is designed to help take the financial pressure off you in the event you suffer an illness or injury that leaves you totally and permanently disabled. The lump sum payment can be used to pay debts, pay medical expenses, provide an income stream or fund permanent lifestyle changes.
Most companies allow you to choose between two definitions.
- Being unlikely to be able to work again in your “own occupation” following an illness or injury.
- Being unlikely to be able to work again in “any occupation” following an illness or injury.