If you were to become unable to work, as a result of temporary or permanent disability, or as a result of a serious illness, you and/or your family could find yourselves facing serious financial difficulty.
Not only could you find it difficult to meet normal monthly living expenses but you could also be faced with medical bills not covered by your medical aid scheme.
The lifestyle you worked so hard to build could quickly be completely destroyed.
At Liberty we have a comprehensive suite of solutions, which are extraordinarily flexible and can be tailored to meet your individual needs.
There are two distinct areas covered under the loss of Income Protection: Occupational Disability and Impairment.
Occupational Disability
Occupational Disability refers to temporary or permanent disability as a result of injury, illness or accident that results in your inability to perform the duties of your occupation. Find out more...
Impairment
While Impairment refers to physical and functional disability as a result of injury, illness or accident, irrespective of whether or not you can perform your occupational duties. The payment of this benefit is not dependent on the life assured’s ability to earn an income, but takes into account the impact that the injury has on his physical and functional ability to continue his daily activities, as defined by the specified medical conditions. Find out more...
Absolute Protector Benefit
Absolute Protector and Absolute Protector Plus is a combination of the Occupational Disability and Impairment benefits above. This benefit pays you a lump sum if you are permanently impaired, or if you are unable to perform your occupational duties. The amount that is paid out upon claiming depends on whether or not you are occupationally disabled, and on the severity of your impairment. Find out more...
Other benefits to help you manage your loss of income in other area of you life
Overhead Expenses Benefit
The Overhead Expenses Benefit pays your business overhead expenses if you are unable to perform your occupational duties. This benefit pays a monthly income in the event of temporary or permanent disability to assist the client to cover the expenses of running their business for 24 months after disability. Find out more...
Long Term Protector Plus
Long Term Protector Plus provides a monthly income benefit payable to assist you with the financial burden in the event of you suffering an impairment in your later years. This is in the form of a monthly Income benefit payable from the age of 65 to assist in lessening the financial impact of impairment in old age. Find out more...