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?” corruption essay kannada pdf thesis on discussion method search quotes sample essay about myself source url can you take viagra and plavix five paragraph argumentative essay research paper topics on social media thesis topics in literature esl curriculum vitae editor service online https://statmodeling.stat.columbia.edu/movabletype/papers/essay-evolution-of-human-beings.html clomid for women best over the counter diet pills judaism essay https://211ventura.org/choice/sample-essay-friendship/40/ go to link cialis daily instructions examples of case studies https://recyclesmartma.org/physician/levitra-la-grange/91/ search viagra viagra find edinburgh free buy phd click here follow url how to delete email in gmail on iphone 7 medical front office receptionist resume enter thesis editing uq essay about king david https://zacharyelementary.org/presentation/types-of-travelling-essay/30/ english essay year 10 lily lcos cialis get link https://earthwiseradio.org/editing/apa-psychology-research-paper-format/8/ 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.”