Long-term disability can be financially as well as emotionally devastating.
Permanently Unable to Work cover is also known as Total and Permanent Disablement insurance and pays a lump sum in the event that the Life Insured suffers a Sickness or Injury that means they are unlikely ever to be able to work again. It will also pay a lump sum if the life insured suffers from a Major Physical Impairment.
- You can buy Permanently Unable to Work cover up to $1,500,000 depending on your age.
- Permanently Unable to Work cover can be inflation proofed so the Cover Amount automatically increases each year to keep pace with inflation (the increase will be the greater of the increase in the CPI over the previous year or 5%).
- Cover for Major Physical Impairements is included to cover loss of limbs, paralysis, loss of sight and/or loss of hearing.
- LifeCover Plus offers two types of Permanently Unable to Work cover- "Own occupation" cover and "Any occupation cover"
- Click here to get a Permanently Unable to Work cover quote online in under a minute.
