Jargon Buster - Definition of Permanent Health Insurance
Please select your letter of choice below to see the list of terms:
- 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.
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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