What would you do if you lost your income tomorrow?
If you're like most people, you probably don't have an answer. That's where Income Protection insurance comes in. This type of insurance can help protect your finances if something unexpected happens and you can't work anymore.
Income Protection insurance is a type of insurance that can help you replace your lost income if you become unable to work due to an illness or injury. The number of benefits you receive will depend on your policy, but it can be up to 75% of your pre-disability income.
There are a few things to consider before buying Income Protection insurance. First, you need to think about how much coverage you need. This will depend on your financial situation and how much income you would need to replace if you couldn't work anymore. You also need to decide how long you want the policy to last. Some policies only pay benefits for a certain number of years, while others will pay until you retire.