Income Protection is designed to help keep your life on track while you can’t work due to sickness or injury. It can provide valuable financial support which lets you focus on getting well again. Income protection offers very flexible cover options and is fully tax deductible.
This type of policy pays you a monthly benefit, just like your wage, and generally covers up to 80% of your pre-tax salary in the event that you can't work,
Income protection is advised if the following key points apply to you:
- Rely on your income for daily life
- Have bills, credit card, rent or need to cover mortgage repayments
- Want extra security for you or your family
- Want to maintain your lifestyle regardless of what happens