Income Protection Ask yourself this question. How long would I be able to cope financially if I stopped getting paid tomorrow? Income Protection Insurance provides a benefit as a result of an injury or illness affecting your ability to work. The purpose of income Protection is to allow your lifestyle to continue where your ability to work is impaired. How much cover do I need? The amount of Income Protection Insurance required will be determined by the salary you want to insure. Generally Income Protection provides cover for 75% of your salary in the event of illness or injury preventing you from working. Consider the costs of your debts; including mortgage, children, maintaining your assets and investments. Why do I need income protection insurance? The choice of cover depends entirely on an individual's circumstances. However most would agree that income protection is probably the most important type of insurance - after all where would you be without your income? How well could you survive without your income for a period of 12 months or longer? Your income is used to maintain a certain living standard and also to build wealth and provide for your retirement. Unlike Trauma insurance, Income Protection does not specify a list of accepted conditions. Therefore greater coverage is provided, particularly for temporary illnesses such as back injury and stress related illnesses. Income protection insurance will make it easy for you to meet your responsibilities . Protectingincome.com are licensed and experienced, so can tailor a policy that best suits your needs to protect you and your family's lifestyle. Send now for a free quote that works for you. Phone: 07 3351 4433 Free Call: 1800 655 648 email: info@protectingincome.com |