What is Income Protection Insurance?

Income Protection Insurance is used to replace the income that is lost through the inability to work because of an injury or a sickness. This insurance is beneficial for all working people to ensure an unbroken income stream.

How much cover?

The length of time that you will receive payments will depend on how much you are willing to pay. This can be as long as two years, five years or even up until retirement age.

Your income protection insurance amount will depend on the salary that you want to insure. It can cover up to 75% of your salary in the event that you are unfit to work. If you are applying for cover, make sure that you consider mortgage repayments, family expenses and investment opportunities. If you cannot work, the income protection insurance must be able to satisfy these expenses.

How much should I expect to pay?

Premiums for income protection insurance vary significantly, depending on an individual's circumstances.

Which Policy?

Policies and insurers vary. For example, Income Protection Insurance may be index-linked, where your premium changes to reflect inflation.

Contact Us

Contact us for more information. We can assist you in finding a policy that meets your requirements.