This is the most important aspect of all because, without an income, how can any of our financial goals be achieved.
Income Protection Insurance works by providing an income stream to the borrower if they are unable to work as a result of sickness or injury. Benefits are paid monthly as income and are designed to cover important expenses such as food, clothing electricity, medication and mortgage or rental repayments.
There are numerous benefits available of different policies with some designed to shorten or even waive the waiting period on certain conditions like the Accident Option or the Specified Injury Benefit.
Please call us to arrange an obligation free consultation.