severe illness
As a lump sum payout, dread disease cover is designed to provide financial relief soon after diagnosis of a severe illness. Once the claim has been paid, you are free to use the money as you see fit.
The economic value of a stay-at-home mom is typically undervalued. It is estimated that the average stay-at-home mom works around 97 hours per week performing multiple roles which include child-minder, au pair, nurse, teacher, psychologist, driver, cleaner, housekeeper, chef and
As with dread disease, disability insurance can be a technical minefield as it varies from insurer to insurer and comes in different forms and under different names. Significantly, there is a difference between traditional disability insurance and functional impairment assurance,
Many employees make the dangerous assumption that this cover is sufficient for their needs and adequately protects them in the event of death or disability.
Now is a good time to check the beneficiary nomination on your policy as this can affect how, when and to whom the claim is paid out. If you have nominated your estate as the beneficiary on your policy, the
Think disability and our minds tend to think of the worst possible scenarios involving permanent injury and disfigurement. Rather than permanent disability, it is temporary disability or illness that we should in fact be more concerned with.
