What is Income Protection Insurance?

 

Income Protection Insurance is designed to provide a financial safety net if you are unable to work due to illness or injury. It replaces a portion of your lost income, ensuring you can continue to cover essential costs, such as bills, mortgage payments, and living expenses, even if you're not able to earn your regular salary.

 

Benefits of Income Protection Insurance

 

✔ Financial Security – Ensure you have a steady income stream while you recover from an illness or injury, without having to worry about paying your bills.

 

✔ Protection for Everyday Life – Replace part of your income, so you can focus on getting better rather than stressing over finances.

 

✔ Long-Term Support – Receive regular payments for an extended period, offering peace of mind until you're well enough to return to work.

 

Examples of Income Protection Coverage:

 

Back Injury: If you experience a long-term back injury that prevents you from sitting or standing for long periods, Income Protection Insurance can provide monthly payments to cover your lost earnings while you recover.

 

Mental Health Issues: If you suffer from depression or anxiety and need time off work for treatment and recovery, Income Protection can replace your income for the duration of your illness.

 

Surgery Recovery: If you need surgery and are unable to work for several months during your recovery period, your Income Protection policy can ensure you continue to receive payments during that time.