Wednesday, November 10, 2010

If you were to suddenly lose your income due to an injury or an illness that rendered you incapable of working, how long could you continue to support your household and maintain your mortgage and other commitments? For most people, whether they realise it or not, their most valuable asset is their ability to earn an income. Workers Compensation only covers you if you sustain an injury that is directly connected with work, but what if your injury happened at play, or if you couldn’t work because of illness? Most of the population could only go a month or two if their source of income was suddenly cut before their lifestyle would begin to suffer and their living conditions need to be altered significantly.

That’s where income protection can help. Income Protection Insurance ensures that you are not left financially devastated by illness or injury. It pays you up to 75% of your income until you recover or until the end of the benefit period. Talk to a consultant today and make sure you are fully covered to protect your biggest asset – your pay cheque.

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