What is Income Protection?
It’s important because your income is what fuels your life today – and all of your plans for tomorrow!
If you suffer an illness or injury and are unable to earn your regular income, an Income Protection Policy will pay an ongoing monthly benefit usually up to 75% of your pre-tax salary, until you are able to return to work.
Why do we use it?
If you rely on your income to get by from one week to the next, Income Protection Cover provides a crucial safety net. This is especially true for self-employed people and small business owners, or anyone else whose business relies on their ability to work in order to stay afloat.
You are able to use the money to pay your mortgage, continue paying for your car or any other bills you have to pay.
Who is it for?
- Business people
- Small business owners
- Persons with mortgages and repayments
- People with a family to look after