Question
What is Income protection insurance?
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9th Dec 2009 by Gary
Income protection insurance is insurance which will help you if you end up being sick, injured or disabled, as it will pay a portion of what you made when working to help you make it through the difficult times. Do check out the payout though, as in many cases, buying insurance which covers 60 percent of your gross pay, in reality will pay up to 90 percent of what you made after taxes. So don't pay for more than you have to when all things are considered.
Income protection insurance is insurance which will help you if you end up being sick, injured or disabled, as it will pay a portion of what you made when working to help you make it through the difficult times. Do check out the payout though, as in many cases, buying insurance which covers 60 percent of your gross pay, in reality will pay up to 90 percent of what you made after taxes. So don't pay for more than you have to when all things are considered.
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4th Dec 2009 In Insurance
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