“To age 70” benefit period

A “to age 70” benefit period means that once your waiting period is over you will be paid your insured monthly benefit up until you turn age 70 if you are off work due to illness or injury for this period.

Advantages

  • This is the longest benefit period and will ensure that your income will be insured for your working life up until age 70.

Disadvantages

  • This is the most expensive benefit period to obtain as you will be insured for the longest period of time available.

When a “to age 70” benefit period is recommended

  • Your income will be insured for your whole working life, assuming a retirement age of 70;
  • You have liabilities and ongoing expenses which you would not be able to meet if you were off work for an extended period of time.
The Dover Group