When you think about your assets, your income might not exactly spring to mind. But your income is what makes all your other assets possible. And gives you the lifestyle you enjoy today. So isn’t that worth protecting?
Income protection insurance can replace up to 75% of your income if you can’t work because of sickness or injury allowing you to meet your living expenses. And the premiums are often tax-deductible. Any medical condition that prevents you from working for an extended period of time could potentially be a basis to submit a claim, providing you with an income until you return to work or to the end of the benefit period.
Why Income Protection?
- Insures up to 75% of your income and your superannuation contributions
- Can provide an income until the age of 70
- Provides you with a replacement income stream to help pay your bills
- The premiums can be tax deductible
Why do you need advice?
Income protection can differ significantly across different insurance companies. They all have different terms and choosing the right cover for you is often a very difficult decision.
At Wealth Connected Financial Solutions, we sit down with you and understand your current situation and needs. Once we have a good understanding about you, we choose the most appropriate cover to meet those needs.
Income Protection protects your biggest asset, which is your income……..