Any Occupation Income Protection

What Does Any Occupation Income Protection Mean?

Any occupation income protection is a disability insurance policy that provides benefits to the insured if they acquire a disability that prevents them from working in any occupation. This coverage is more comprehensive than own occupation disability policies, which only gives benefits to the insured if their disability prevents them from working at their own occupation but still allows them to work other jobs.

Insuranceopedia Explains Any Occupation Income Protection

To illustrate what any occupation income protection policies cover, consider someone whose work requires the precise and dexterous use of their hands. If a surgeon, caligrapher, or concert pianist injures their hand, they will no longer be able to practice their own occupation. The injury, however, will not prevent them from taking on some other occupation. They could, for instance, work as a parking attendant, a door-to-door salesperson, or a receptionist. Their disability prevents them from performing their own occupation, but not any occupation. Therefore, their any occupation income protection policy will not provide them benefits.

If, on the other hand, a motorcycle accident leaves the insured with a broken back or significant paralysis, they will be unable to take on most occupations. In that case, the any occupation income protection policy will kick in and provide benefits to compensate for this complete inability to work.