While you’re off on long-term occupational incapacity leave, you forfeit your right to your group insurance benefits. One of the main downsides is that your beneficiaries can no longer claim any death benefits if you pass away during your sick leave.

With Waiver of Premiums insurance, however, your death benefit coverage will remain intact throughout the entire duration of your incapacity leave. This way, you’ll have the security of knowing that your loved ones will still be able to collect a financial windfall in the event of your death.
 
Click here to find out more about the inner workings of death benefit coverage.

Another downside of taking long-term occupational incapacity leave is that you stop saving towards your supplementary pension, as your employer no longer has to pay your group insurance premiums.

With Waiver of Premiums insurance, however, you’ll continue to grow your supplementary pension nest egg even if you are at home for a long time because of occupational disability.

For more information about earning supplementary pension entitlements, click here.

Have a group insurance plan via AG Employee Benefits plan and want to check if it includes Waiver of Premiums coverage? Log in to My Global Benefits for a complete overview of your personal situation.