What is income protection insurance?
Income protection is exactly that – it replaces your income if you can’t work due to sickness or injury. It’s important because your income is what fuels your life today – and all of your plans for tomorrow!
Income protection insurance gives you the confidence to seize life’s possibilities knowing that if things don’t quite go to plan … well you’ve got a plan for that as well.
Income protection pays you a monthly benefit – just like your salary – and generally covers up to 75% of your gross salary/income.
The money can help you:
- cover your mortgage or rent payments
- continue to make your repayments on your car
- take care of all your normal bills while you focus on getting better