Over the years I’ve met a number of people who have been unable to work for a period of time due to sickness or injury. I’m sure you’d know someone who has experienced something similar.
So what happens when the sick leave runs out?
Having adequate income protection insurance means that you can still receive a regular income, when you need it most. If you can’t work because you’re sick or injured, an income protection policy could make the difference between maintaining your financial security, and falling into financial turmoil.
There are a number of things to consider with Income Protection Insurance. Things like:
- How much cover do you need?
- What waiting period is suitable?
- How long should the policy run for?
- What will the insurer treat as income?
- Is a guaranteed benefit amount suitable?
We’ve listed some articles below that will help you learn more about Income Protection Insurance. This is such a complicated area, and it’s important to get good advice because you may have the wrong cover and not know about it until you go to make a claim. If you’d like to know more about Income Protection, please call us on 8364 0066.
