Home > Lifestyle > Health and your money > Disability insurance Updated 28 January 2014 The realities of disability Almost 2 million self-employed and commission workers in South Africa are dangerously under-insured when it comes to disability, according to an independent survey. 0 Shutterstock Quiz Are you practical? » Ask CyberShrink » Subscribe General Newsletter » Like Health24 on Facebook » For love or the money, what really rules our hearts? The story of money Almost 2 million self-employed and commission workers in South Africa are dangerously under-insured when it comes to disability, according to a recent independent survey from True South Actuaries in Cape Town. Brad Toerien, CEO of FMI, says this shortfall is “truly alarming given that any kind of accident or serious illness can radically disrupt cash flow for self-employed people and cause a major life crisis if the proper cover is not in place.”Too many self-employed people, according to Toerien, simply assume that disability “cannot happen to me” and also do not appreciate that a temporarily disabling event like a broken arm or serious flu can have significant financial consequences. He urges every person who does not have the benefit of substantial company cover for disability or illness to urgently re-assess what would happen if their income was suddenly cut off. How long could they survive without that income? What would happen to their business or their family without their income?Toerien particularly advises self-employed people to take out cover against temporary disability, “These policies are designed to kick in really quickly on a wide range of disabling events and deliver immediate support, whereas permanent disability claims can take a long time to be confirmed and paid out.”He also cautions against relying solely on big lump sum pay-outs for permanent disability, “Such pay-outs are seductive in theory but often come short in reality and place enormous pressure on the individual to make major investment decisions”.In Toerien’s view, a policy which provides temporary and permanent income protection (with guaranteed monthly payments and a once off lump sum) is the best way to ensure real peace of mind and proper income protection.Press release, Danté Piras, Ogilvy (Picture: lady on crutches from Shutterstock) More in Lifestyle Disability cover More: Health and your moneyDisability insurance advertisement Read Health24’s Comments Policy Comment on this story 0 comments Comments have been closed for this article. Logout Comment 0 characters remaining Share on Facebook Loading comments... From our sponsors Keep an eye on your vision Which skin products are better, ‘medical grade’ or ‘over-the-counter’? Win 1 of 6 R5000 cash prizes Win Skin Renewal voucher Live healthier Exercise benefits for seniors » Working out in the concrete jungle Even a little exercise may help prevent dementia Here’s an unexpected way to boost your memory: running Seniors who exercise recover more quickly from injury or illness When sedentary older adults got into an exercise routine, it curbed their risk of suffering a disabling injury or illness and helped them recover if anything did happen to them. No relief for MS » Drug shows promise against MS in mouse study Vitamin D may slow multiple sclerosis Obesity in girls tied to higher MS risk Exercise may not lower women's risk of MS A Harvard study showed no evidence to support the idea that exercise lowers the risk of multiple sclerosis.