Most people are not prepared for the financial consequences that can follow unexpected events. If a couple both worked full time and had two children suddenly had to survive on one salary, this would have a significant impact on their ability to meet mortgage repayments and other daily expenses.
Income protection insurance is one way to safeguard your financial situation in case of sudden job loss or illness. It pays you a monthly amount until you return to work.
More affordable than you think
Today, income protection insurance is less expensive and has more extras and flexibility. Also:
- premiums are generally tax deductible
- most policies pay a benefit of up to 75% of your salary
- payments can continue until you reach age 65.
At Crosby Dalwood, we have been advising our clients on their insurance needs for many years. If you would like to find out more about income protection insurance, contact us on 8362 0466 to arrange an appointment.
We will evaluate your situation and advise if income protection insurance would be beneficial. If you are already insured, we can review you policy to check that it provides you with adequate cover.
This document has been prepared by Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. ‘Count’ advisers are authorised representatives of Count. Count is a Professional Partner of the Financial Planning Association of Australia Limited. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document. This document is not advice and provides information only. It does not take account of your individual objectives, financial situation or needs.