If you were to suddenly fall sick or face an unexpected, restraining injury, could you rely on your savings alone to see you through the coming months? Would Sick Pay contributions from your employer be enough to allow you to survive financially?
IIncome Protection is a popular strategy to help protect you from financial misfortune, essentially acting as your financial safety net. Income Protection Insurance is designed to replace up to 75%-80% of your monthly income in the event of illness or injury. Income Protection Insurance is generally tax deductible. Even better, usually a percentage of your premiums can be claimed back.
Income Protection Insurance covers you for a period of your choice, ranging between 2-70 years and as stated, can cover up to 75%-80% of your gross monthly income. Income Protection Insurance allows you to continue living a fortunate life in wake of unfortunate circumstances.
Income Protection Insurance allows you the freedom to:
- Continue to pay your fixed expenses, such as mortgages, bills, credit cards and other regular payments.
- Continue to provide a secure, flexible income for yourself and/or your family.
- Ensure your investment strategies remain fixed, unchanged and sturdily in place.
- Allows you to continue living with minimal interference, meaning you won’t have to consider selling assets in order to make ends meet.
If you think Income Protection Insurance could be a strategy to help protect your lifestyle, get in touch with us today to book a consultation. Alternatively, if you’re not sure whether Income Protection Insurance is right for you, or if you’d like to know more information, don’t hesitate to get in touch with us. We’ll provide you with a free initial consultation. Avoca Consultants. Your Peace of Mind is Our Priority. Talk to us today to learn more about Income Protection Insurance. Book a free consultation.