Simply put, Income Protection Insurance aims to protect your income in the event you can’t work due to injury or illness.

How long would your savings last if you had no income?  Your home, car, food, clothing and children’s education all depend on your income.  If you have Income Protection you can concentrate on getting better instead of worrying about how to pay your bills.

Individual premiums depend on a number of factors including:
  • age
  • medical history
  • gender
  • occupation
  • smoker/non-smoker
  • the benefit period you choose

Generally Income Protection Insurance is also tax deductible.

Consider talking to your insurance provider or financial adviser about your insurance requirements.

Remember, like any type of insurance it’s about being prepared.  Nobody knows when they may suffer a serious injury or illness.