Income – it’s our biggest asset. Let’s say you’re 30 years old and earn a steady income of $65,000 p.a. More than $2.75 million up until the golden age of 65 will go through your hands – not even taking into account any pay rises.
What if that was taken away from you due to illness or accident? That’s where income protection comes in, propping up your lifestyle with a monthly payment until you’re able to return to work or reach retirement age.
Every person has different insurance needs, so it makes sense to get a policy that’s right for you. And because not all Income Protection policies are equal, it’s important to ask the following questions to make sure you’re getting the very best cover available, tailored to your priorities.
Does your cover need to…
- Pay a bonus when you start returning to work after being off sick/or having had an accident?
- Waive the waiting period if you get cancer or have a heart attack and still pay you if you end up working through?
- Pay you on top of ACC for your mortgage repayments and or your fixed expenses like power, rates phone, etc?
- Give you a payment prior to your wait period being met if you break your arm, leg, etc?
At Insurance People we make sure our clients get the best policies with the most usable and practical benefits. Click here to arrange a chat with one of our advisers and make sure you’ve got the best cover to protect you and your family’s lifestyle. We’re only too happy to help.