“Some years ago I had a life threatening accident. I was under insured and inappropriately insured. For example I didn’t have disability cover. If I had lived but been disabled I couldn’t have survived financially.” - Ken Holmes
Permanent Disability Insurance covers you for financial losses incurred if you become irreparably disabled due to injury or illness.
A one-off cash sum is paid out, providing you with financial stability, and allows you to keep paying your day-to-day living expenses.