Income Protection Insurance
Income Protection Insurance provides an ongoing income stream to cover your income should you be unable to work due to permanent or temporary incapacity or disability. For most, receiving your regular pay each week is imperative to paying bills and maintaining living standards which is why income protection insurance is such an effective way of protecting you and your family and giving you the peace of mind that in the event you couldn’t work you are still covered. For those who have a specific skill set (i.e. Doctors, tradesman etc.) or have an element of risk in your line of work, income protection is essential as your ability to earn the level of income you are on would diminish significantly if you were no longer able to perform your occupation. Most policies pay up to a maximum of 75% of your wage and benefits will be paid up to a designated age depending on what you chose at the time of taking out the policy.
For more information on how these can benefit you or what this can mean for you contact us today for a FREE, no obligation consultation with one of our financial consultants!