Protecting your income is not only smart but critically necessary. After all, it’s probably your most important asset. If you were to die prematurely, how would a loss of income affect your family and the goals you have set?
Your family depends on your income to provide housing, food, utilities, education, and all things related to everyday living. What happens if it were to suddenly stop?
Just like you insure your car or home, you can also get the insurance that protects your income. An income protection insurance plan can help replace your paycheck.
Medical insurance pays your doctor — income protection insurance pays you or your family to cover living expenses.
An income replacement policy will protect your family from financial worries to help them cope with the loss of your income should you suddenly pass away or become disabled.