Permanent health insurance is sometimes known as permanent disability insurance, income protection or income replacement. It is a health insurance policy designed to provide an income when the policyholder is unable to work due to ill health or accident.
The benefit is payable until recovery or until a chosen date whichever is earlier. It is subject to a deferred period which should take account of any benefits provided by the employer. The benefit from a permanent health insurance policy is paid tax-free.
As experienced advisers in all areas of risk benefits, Gee 7 Wealth Management Limited will advise you on the most suitable Permanent Health Insurance scheme for your employee benefits package.