Permanent Disablement
A serious illness or injury can have a lasting impact on your ability to work, earn an income and maintain your usual lifestyle.
Advice, made personal
Financial protection when you can no longer work as you once did.
A serious illness or injury can have a lasting impact on your ability to work, earn an income and maintain your usual lifestyle.
Permanent disablement insurance is designed to provide a lump-sum payment if you become permanently disabled as a result of an illness or injury and meet the policy’s definition of disablement.
At Aegis, we help you understand how permanent disablement cover works, how much may be appropriate for your circumstances and which options may be suitable for you.
How Aegis can help
Permanent disablement cover can be complex, particularly because policies can use different definitions and criteria when determining whether a claim is payable.
We’ll take the time to understand your circumstances and what you’re looking to protect.
We’ll explain the options in straightforward language, help you compare suitable policies and highlight the key differences between them, including definitions, benefit amounts, exclusions and premiums.
We’ll then guide you through the application and underwriting process and remain available to help as your circumstances change.
What’s Included
- Assessment of your Permanent Disablement Insurance needs
- Advice on appropriate cover amounts and policy structure
- Comparison of suitable insurance providers
- Guidance on definitions, exclusions and policy features
- Ongoing service and reviews of your cover as circumstances change
How it works
Permanent Disablement Insurance
Common Questions
If an illness or injury permanently affects your ability to work, the financial consequences can extend well beyond the immediate period of recovery.
You may face a significant reduction in your future earning capacity, changes to your lifestyle or additional costs associated with adapting to your circumstances.
A permanent disablement payout can provide financial support and flexibility at a time when your financial needs may change significantly.
You could use a payout to:
- Pay off or reduce your mortgage
- Repay other personal debts
- Make modifications to your home or vehicle
- Cover additional medical or rehabilitation expenses
- Replace some of the income you may no longer be able to earn
- Provide financial support for your family
- Invest or set aside funds for your long-term financial needs
- Give you greater financial flexibility for the future
Permanent disablement cover can work alongside other types of insurance, such as life insurance, trauma insurance and income protection, with each type of cover designed to address different circumstances.
There's no universal amount that's right for everyone.
We'll look at your individual circumstances and consider factors such as your income, mortgage and other debts, savings, family commitments and the potential financial impact of being permanently unable to work.
For some people, the priority may be paying off their mortgage and becoming debt-free. For others, it may be about creating a long-term financial fund to support their lifestyle and family.
We'll help you understand the options and how different levels of cover could affect your premiums.
It's also important to understand that permanent disablement policies can differ in how they define permanent disablement and when a benefit becomes payable. We'll explain the relevant policy terms and conditions when comparing your options.