Lump Sum Disability vs Income Protection

Lump Sum Disability:

  • Total and permanent disability
  • Accelerated death benefit
  • Standard 6 month waiting period
  • One off, lump sum payment
  • Tapering period 5 years prior to normal retirement age

Income Protection:

  • Total disability, regardless of whether the condition is temporary or permanent, until the member recovers, dies or reaches benefit cessation age
  • Waiting period can be decided by the group (1 month, 3 months, 6 months or 12 months)
  • Monthly disability income
  • Employer contribution & medical aid contribution waivers available
  • Claims are reviewed on a regular basis

Thank you and regards,
The TSA Team

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