|
|
 |
|
|
Income Protection Insurance
|
|
|
|
|
What is Income Protection Insurance?
This is an insurance policy which pays you a monthly income should you be unable to work due to an accident, injury or sickness.
Could you and your family cope if you where to have an accident or become injured and it prevent you from working?
What implications would this have on your financial situation, could you continue to fulfill your mortgage repayment obligations, any ongoing loan repayments, school fees etc?
|
|
|
With Income Protection Insurance it will pay out typically between 50% - 65% of your usual monthly income. This policy is designed to help you continue paying your financial commitments until you have recovered and are able to return to work or until your retirement (up to a maximum of 10 years).
Do I Need Income Protection Insurance?
If you use your income to cover the costs of your mortgage, loans, rent, hp’s etc then taking out an Income Protection Policy will help give you the peace of mind knowing that should you have an accident or become injured or suffer a sickness then you will be paid a monthly income to help you fulfill those financial commitments.
This will relieve some of the burden put upon your partner or family members who may have to take on a more active roll in helping pay for your expenses.
Please visit our ‘Quote’ site below for an
Income Protection Insurance quote
|
|
