What are the problems that income protection solves for you?
Who will pay you when you can’t work? Most self-employed people don’t have any work cover.
How will you pay the bills if you can’t work? If you don’t have adequate cash savings this causes a lot of worry and stress. Even if you do have cash savings this may run out. Are you simply relying on your savings, when you may be saving this for something else? Income protection may be a cost effective solution.
You have insured your business and its assets, you have insured your home and your car. What happens if your income stops, who pays for this?
Unfortunately, you are not bulletproof, so you need a plan of action if something goes wrong.
Income protection is an accessible policy for most individuals, and can be relatively inexpensive. You get a regular income when you can’t work due to an illness or injury. The policy is customised for your needs when taking into account your current situation. Better still it is tax deductible.
Call our insurance specialist on 1300 307 955 or email email@example.com to get an obligation free quote.
Refer below to example of claims paid for income protection (Prepared by CommInsure Document CIL1045 310515).
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