How would you and your family cope if you suddenly stopped earning a wage? Would you still be able to pay your everyday bills and expenses? Let alone any big holiday or education costs you may be faced with?
What about if you become ill or are injured and unable to work? Not only does this mean you’d be unable to make ends meet day to day, but also the medical and rehabilitation fees that are part and parcel of experiencing an accident.
Income protection insurance pays up to 85 per cent of your pre-tax income for a specified time if you’re unable to work due to partial or total disability.
By taking out this coverage, you can rest easy knowing you and your family can still get by in the case of an accident.