Income Protection Insurance
Income Protection Insurance is misunderstood by many people. It is not an unemployment insurance, but rather a protection for those times when you are unable to work in your existing job.
Are you protecting your greatest asset -
Your ability to Earn?
Just because your health suffers a setback, your financial wellbeing doesn’t have to as well.When illness and/or accident leave you unable to work, income protection can protect you from the consequences. Income protection payments will kick in if you can work no more than 10 hours per week in your existing employment. The payment period can range from 2 years to up to age 70.
Good Reasons To Have Income Protection
Unexpected illness - a large proportion of people who can not work have become ill unexpectedly.Keeping your household running - can you cover day to day living costs if you suddenly have no income?A quick return to work / or help with a new vocation - what happens to you and your income if you can not return to the work you were doing?
Key Statistics
About 400,000 income earners are disabled for at least 3 months every year.The causes of those disabilities are approx 16% accident and 84% due to medical conditions and illness for which there is no ACC cover.Can you rely on ACC to cover your needs?Source : New Zealand Government Health Information Services 2005. THIS INFORMATION IS APPLICABLE TO NEW ZEALAND RESIDENTS ONLY.
Insurance Help
Would you like some help working out your Insurance needs?Sometimes it can all seem complicated, and perhaps it never seems to get fully resolved. Maybe it is simply time to review your existing Insurance policies. CONTACT US FOR A NO OBLIGATION CHAT ABOUT YOUR INSURANCE.
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