Jargon Buster - Definition of Permanent Health Insurance

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Permanent Health Insurance

is another name for Income Protection Insurance. It is often abbreviated to PHI and is a long term policy whereby a percentage of the insured's income is paid out on a monthly basis if they are unable to work due to sickness or disability.

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Please note that all definitions are intended for general guidance only. For official and current definitions you should always double check your policy wording.

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