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Infographic: Comparing disability cover

Infographic: Comparing disability cover

Key Takeaways

  • You can cover yourself against the risk of not being able to earn as a result of a disability with insurance offering a lump sum amount or an ongoing monthly income.

  • The key differences between the benefits are:
  • Lump sum:
    • Is paid once permanent disability from which you will not recover is proven
    • Protection level depends on the sum insured and how you invest it afterwards
    • Useful for paying off debt, providing for children’s education or lifestyle adjustments after disability
  • Income
    • Can be paid while you are temporarily disabled after the waiting period
    • Protection level depends on the level of income for which you are insured and the increase in the income you choose, but the income is guaranteed until retirement age or death.
    • Useful for replacing your income




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