Income Protection Insurance
Income Protection - pays an ongoing monthly benefit of up to 75% of your regular income if you are unable to work as a result of sickness or injury. The benefit will continue to be paid for a specified period whilst you remain totally or partially disabled and premiums are generally tax deductible.
Why is Income Protection cover so important?
Your ability to earn an income is one of your most important assets if not the most important. Unfortunately, many of us insure our material possessions like our car and house and forget about ourselves. If you are dependent on your income to pay your bills and maintain your current standard of living, then you should consider Income Protection cover.
How much cover is enough?
Income Protection cover generally covers up to a maximum of 75% of your regular income with a maximum benefit period of up to age 65. To make an appointment to speak to a ClearView Financial Planner who can help you calculate the appropriate amount of cover for your needs or register at "Facts on Line" for your free access to a range of comprehensive Life Insurance calculators.
