Income Protection Insurance
Income protection is exactly that – it replaces your income if you are unable to work due to sickness or injury. It’s important because your income is what fuels your life today – and in the case things don’t go to plan…? well you have a plan for that too!
If you were unable to work, income protection pays a monthly benefit, like a salary, and will generally cover up to 80% of your pre-tax income.
Monthly payments from an income protection claim can cover mortgage or rent payments, car payments, and your regular bills.