If the insured dies because of illness or personal injury acquired or suffered when the policy is in force, the benefit to be paid will be an equivalent amount, but not to exceed, the balance of the debt payable.

In the event of a total and permanent disability of the Insured Person's life, which occurs before he reaches the age of 62 and before the expiration of the term of this policy, an amount equivalent to the death benefit will be payable by the Company. If the insured become temporarily disabled as described above before the anniversary date of the policy and before the insured reaches the age of 65 and before the expiration of the term of the policy, the Company will pay after an extension period of 30 days, the agreed monthly instalment in the "Agreement" or a proportion if the Insured Person's life suffers only partial loss of income until his recovery, or for a maximum period of three months whichever comes first.