Long Term Disability (also known as ‘Permanent Health Insurance’)

Because nobody knows what the future holds, the peace of mind that comes with being financially supported if suffering a long term disability is a real benefit for employees.

Long Term Disability is designed to provide employees with an income where they are absent from work for a long period of time due to illness or accident and/or may never be able to return to work. This benefit provides a regular income, expressed as a proportion of salary, during the period to recovery, retirement or death – whichever occurs first.

Benefit commences after a deferred period of 13, 26 or 52 weeks of disability, as determined by the employer and is usually consistent with the company’s standard sick pay arrangements. Income is paid as a fixed sum or can be arranged with an escalation rate to provide some protection against future inflation.

Total & Permanent Disability

Total & Permanent Disability is an alternative to Long Term Disability, where the benefit is paid as a lump sum in the event that the employee is totally, permanently and irreversibly disabled, as defined in the product Terms and Conditions.Group Disability