17 Jul Save you family from financial devastation with Income Protection Insurance
Working 8 hours a day, 5 days a week just to earn money can very much take a toll on you. And if you’re not healthy enough, stress may likely lead to an illness, which can render you incapable to work for a certain period.
Who will take care of the medical bills – and who will take care of your family?
Medical costs alone can put a large dent in your wallet. So once you’ve consumed all your emergency funds for this, where else can your family turn to for financial support? Sell items inside your home? Take out a loan or borrow from loan sharks? Or perhaps, they’d borrow from friends. Your family will sure be affected by this unexpected circumstance – so, to save your family from financial devastation, you better equip yourself with Income Protection Insurance.
Income protection is something that people ignore because they are too busy earning a living. But little do they know that this is actually a lifesaver when they become incapable to work due to illness or injuries.
Income Protection Insurance usually provides up to 75% of your income in the event that you are not able to go to work for certain duration because of injuries or sickness. This may not be equal to what you receive if you are able to work, but this can definitely help you and your family cover medical costs and other daily living expenses. Although savings can also be used for this purpose, the question is can your savings be sufficient enough to cover expenses beyond your hospitalisation? Rehabilitation can be very costly, and who else would shoulder these expenses in case you can’t work but your family.
Now don’t let this become a burden to your family – Income Protection Insurance is definitely here to provide you with the solution. Finding an income protection policy is not as hard as you think, request a quote now.