Disability benefits - Altrisk - for life

By: Altrisk  11-11-2011
Keywords: Disability

Disability insurance provides a lump sum benefit should the insured become permanently disabled and as a result, is unable to work and earn an income. This benefit aims to compensate for the future loss of income and costs associated with being disabled.

Think about it, if a family only had one breadwinner or needed both parents’ salaries just to survive, what would happen if that breadwinner or one of those parents could no longer work anymore? What would happen to that family?

That’s where disability insurance comes in. In the event of a total and irreversible disability that results in the insured being unable to work, they’ll receive a lump sum payment to help them cover their living expenses. Disability insurance can also assist the policyholder with their business assurance needs in various situations such as on a buy and sell policy or a key man policy.

We have 4 disability benefits:

  • Accidental Disability
  • Disability
  • Comprehensive Disability
  • Disability Plus

All 4 of these benefits offer:

  • 2 guarantee periods: fixed (15 years) and experience rated (annually reviewable)
  • Standalone or accelerated options
  • A 3-month survival period
  • Term up to age 65 or for life

Benefits in this range:

Keywords: Disability

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Ancillary - Altrisk - for life

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Specialists - Altrisk - for life

Specialist benefits are those products that generally fall outside the normal range of benefits we offer.


Guaranteed Insurability - Altrisk - for life

Our Guaranteed Insurability benefit allows the insured to increase the life, critical illness, disability and impairment cover on their policy with little or no underwriting necessary. The future increases in cover can be taken as either an increase to the base policy or as a new standalone policy. During life changing events: by up to 25% of the available guaranteed insurability amount.