People tend to insure valuable things that would be hard to replace, like their house or car. But even more valuable to most people is their income – the source of all the payments that support their life and lifestyle.
How would the loss of your income affect your ability to repay your home loan, maintain your investment portfolio and continue your retirement planning?
Income Protection Insurance provides a replacement of up to 75% of your normal gross income if you are unable to work due to illness or injury. The premiums are usually tax deductible.
For more information and advice regarding Income Protection, please contact our experienced Financial Planning Team.
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