Safely Navigate Life’s Challenges with Income Protection Cover
No one likes to contemplate the possibility of financial strain. But it’s imperative to recognise that having a plan in place is a responsible measure to safeguard the fruits of your hard work (your income) and ensure stability in times of illness. Income protection insurance is a wise decision, especially for those who have a full time job.
Income cover serves as a financial safety net in the event of illness, injury, or disability that renders an individual unable to work. Typically, this insurance replaces a portion (typically up to 75% ) of the insured person’s regular monthly income during the period they are unable to work to mitigate the financial impact. This ensures that individuals can focus on their recovery without the added stress of managing bills and other expenses. Some policies even allow for part-time work, up to 10 hours per week, without affecting the payout.
Other benefits that are usually covered in income protection insurance include:
- Total Disability and Partial Disability Benefit
- Bed Confinement Benefit
- Vocational Retraining and Rehabilitation Benefit
- Recovery Support Benefit
- Return to Work Benefit
- Return to Home Benefit
- Special Care Benefit
- Child Care Assistance Benefit
- Emergency Transportation Benefit
Is Income Cover Right for You? Talk to An Adviser
Wondering if you qualify for income protection insurance? If it’s the right decision or will it be an added financial burden? We understand that everyone’s situation is unique, and our goal is to provide genuine advice based on your current financial circumstances. Share your details with us, and we will evaluate your case to determine if you qualify for income protection or is it the right time or not.
