Permanent Health Insurance

Permanent Health Insurance - (adjective + noun)

Definition

This is also known as income insurance. It provides an income (part or full) of a person’s salary until retirement in the event of a long term illness or injury.

Extra

Source: Adapted from the Free Dictionary
Example of Use: Tom was advised to take out permanent health insurance as he was the sole family earner, who was working in a dangerous sector of the economy.