Understanding Income Protection Insurance
Why Insure Your Earnings?
Insurance often covers tangible assets, but your income is fundamental. Losing income due to illness or injury can threaten your ability to meet financial obligations.
Key Features of Income Protection
Replacement Income: Pays a set percentage of your regular earnings if you can't work due to illness or injury.
Coverage Limits: Look for waiting periods and benefit durations that suit your needs.
Premium Factors: Your occupation, age, and lifestyle affect the cost of coverage.
This is not financial advice. Please do your own research and consult a professional before making any property or financial decisions. Use this information at your own risk.