| Full
time employees get a number of sick days per year. However,
what if you were to become ill for an extended period
of time?
You and your family may have to pay medical bills,
but the daily costs of living would still continue.
Bills etc. would still flow into your household…but
your income wouldn't.
Permanent health insurance, also known as disability
cover or income continuance, provides you and your family
with an income while you're off work due to accident
or illness.
- Payments of income benefits are deferred
for 13, 26 or 52 weeks. The deferred period is the
length of time between when the illness is first diagnosed
and when you start receiving an income benefit.
- Payments can be monthly, quarterly
half yearly or annually.
- Permanent health insurance
has some tax breaks. All your contributions qualify
for full tax relief at your marginal tax rate, up
to a maximum of 10% of your income (based on the continuation
of 2001 tax relief and rates).
For further information on permanent health insurance/disability
cover please contact us
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