We don’t like to think the unthinkable, but how will you protect your family’s financial future if you are unable to earn a living as a result of an unforeseen illness or accident?
Income protection is tax deductible and designed to ensure that you can continue paying the mortgage, put food on the table and carry on financially until you return to work.
Protecting your family’s financial future by obtaining income protection is a valuable asset to add to one’s financial planning portfolio.
The prospect of losing one’s income, either in the short or long term, due to illness or injury, highlights the devastating impact to one’s family any such unforeseen adversity could have.
Generally, Income protection will cover you for up to 75 percent of your normal income, until such time as you are able to return to work – or at the end of the prescribed benefit period as noted on your policy.
While there are some policies that offer more extensive coverage, you should discuss it with a professional financial advisor to be sure you make the right choice.
Moneo Consultants has a range of plans available that will give you the peace of mind you deserve.