Fixed insurance will go to employer at flat rate. Single owner's policy will cover employee with a health policy which will allow coverage for individuals.
About total permanent disability insurance:
Total permanent disability insurance is designed to provide medical and/or wage replacement benefits to an employee or a family member of an employee, and also for investors which is very important.
*It comes in handy in case you are injured in an accident at work.
* You don't have to worry about missing payments
* It pays for your day-to-day expenses
Pros of total permanent disability insurance:
Total permanent disability insurance provides financial support in the case that a permanent health issue happens. It takes care of the big medical bills and a family member's inability to work.
●Your life insurance.●Earns you money, but pays back with money.●You don’t have to worry about dying.●Benefits are for both you and your family.
Pros of total permanent disability insurance:
Total permanent disability insurance covers you for loss of work due to accident or sickness, medical expenses that exceed your lifetime earnings & rehabilitation. Policy also pays lump sum of money.
Cons of total permanent disability insurance:
*Insurance companies impose the charge of insurance premium based on the type of job you have. The insurance premium charged depends on the claim value.
Total permanent disability insurance coverage plans are often found in group plans, but there are also plans that allow for individual coverage for those who want it. This is an optional benefit.