Total & Permanent Disability Insurance
Protecting Your Income When You Cannot Work
Your ability to earn an income is your most valuable asset. Total & Permanent Disability (TPD) insurance provides a crucial financial safety net if you become completely and permanently disabled due to illness or injury and are unable to work in any occupation suited by your education, training, or experience. This policy pays a lump-sum benefit directly to you, which can be used to pay off major debts like a mortgage, modify your home or vehicle for accessibility, cover ongoing living expenses, or invest to generate a replacement income stream.
Common Question for Life Insurance
Life Insurance is protection against financial loss resulting from death. It is an insurance company’s promise to pay your beneficiary a specific amount of money when you die in exchange for timely payment of premiums.
Although you may not think about it, your ability to earn an income is a significant asset and life insurance helps replace lost income in the event of your premature death.
It depends on your individual situation and on the nature and severity of the health issue. Additional medical information may be required and approval may be at a higher premium rate than a healthy person of the same age.
Yes, by submitting written request to the company. However, the changes can only take effect at policy anniversary date.