One can never anticipate when tragedy will strike. Whether it is a car or household accident or diagnosis of a heart disease or cancer, unanticipated misfortune is the reason it makes sense to protect your income.
Without a regular monthly salary, would you and your family find it possible to cover your monthly expenses, bond & car repayments, food, medical bills, telephone accounts, school fees and day to day living cost?
Income Disability provides you with a monthly income when you are ill or injured and unable to work. This benefit pays you a temporary income if your illness or injury is transitory, a partial income if you suffer from a partial disability or an income until the end of the selected benefit term if the disability is permanent.
Benefits of Income Protection
- A monthly payment of as much as 75% of your income (Additional 20% with Top-Up)
- Total and partial disability benefits for temporary or permanent disability.
- Flexible Benefit Periods.
- Possible cover for rehabilitation expenses.
- The Opportunity to upgrade your cover over time.
- Optional inflation protection to help your cover keep up with the cost of living.
- Income Protection premiums are Tax-deductible.
Consider the following:
Can you afford to self fund you monthly income?
Can you live off your savings and is this what it was intended for?
Do you have emergency savings to see you through several months without a salary?
Should you have answered No to any of the questions above or had an increase or decrease in income, it is time to review your protection plan.
Please feel free to contact me.
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