WHAT IS INCOME PROTECTION?
Income Protection, or Paycheck Protection, provides a monthly benefit if you are unable to work due to an accident or a sickness. Often referred to as Disability Insurance, the concept of income protection is to replace a percentage of your income when you are hurt or sick and your income (paycheck) stops.
There is no “one” plan for everybody. You can create a plan based on what percentage of income you want to replace (typically 60%), when you want the benefits to begin and how long you want the benefits to last. Each of these decisions has an effect on your cost along with other factors such as age, sex, occupation and smoker status.
DO I NEED INCOME PROTECTION?
The question you need to ask yourself is, “what impact would it have on me and my family if I no longer had a paycheck?” causes of viagra not working write up report thesis abstract past or present tense essay about literary criticism click amity university entrance exam essay topics admission essay editor site gb qut creative writing staff https://smartfin.org/science/cialis-5mg-prijzen/12/ american decolonization essay native violence enter 5 steps of hypothesis testing enter site https://norfolkspca.com/medservice/is-doxycycline-safe-for-breastfreeding/14/ generic viagra online 50mg top phd essay editing site for university undergraduate dissertation topics psychology popular article review editor sites ca nombre comercial del viagra en bolivia https://www.rmhc-reno.org/project/essay-about-paris-fashion/25/ essay index reprint series follow site thesis on defense wizard of legend acyclovir and reduced liver function viagra female libido essay on realism and naturalism enter site supplemental essay length source site https://www.newburghministry.org/spring/smoking-essay/20/ business plan for small business pdf Or what’s the longest vacation you have ever taken? Why didn’t you take a 6 month vacation?
For the overwhelming majority of people, the consequences of no income would be financially devastating. Statistics from the Council For Disability Awareness show that your chances of becoming disabled before age 65 are greater than dying, greater than your house being destroyed and greater than your car being totaled in an accident. In fact, just over 1 in 6 of today’s 35 year olds will become disabled before they retire. So, while many people do insure their life, their house and their car, most people fail to insure their income, their most valuable asset.
Unfortunately, far too many people think that either they are adequately covered through work and/or that Social Security will take care of them. These assumptions can lead to financial ruin.
My job is to make sure that your life doesn’t get really screwed up!
Who Gets Paid
“We insure the goose, not the golden egg.”