Income protection planning

What is income protection?

Income protection is designed to replace lost income for an individual who is unable to work for more than a specified time.

Here are some questions to ask yourself when building income protection:

  • When you fail to have a steady income coming to you, do you think there will be countless insecurities in your life?
  • What if your career gets derailed by either disability or a critical illness?
  • Who is going to pay for your child’s education when you fall sick?
  • Who is going to compensate for that loss of income because you are unable to work when you fall sick?

What are you protecting against?

  • Not able to provide income for the household due to premature death.
  • Lose your ability to earn household income due to critical illness.
  • Lose your ability to earn household income due to total permanent disability.