Income Protection insurance is a common type of insurance for individuals to help protect them against lost income as a rest of not being able to work because of a temporary illness, sickness, or accident. Income Protection insurance is important to help protect you when there is an interruption to your lifestyle and so the insurance can step in to ensure you still receive an income. Most Income Protection insurance policies will pay a monthly benefit that mimics your previous salary and can often cover up to 80% of what you would have otherwise earned.
This type of income insurance will be instrumental to helping to continue to provide for your family, maintain your lifestyle, and also help the recovery process so you can return to work again. It can also help make sure you stay up to date with car repayments, mortgage payments and meet all of your bills – all extra concerns that you should not have to worry about when you are recovering from an injury or illness. If you have a family where multiple people work, Cover Plus highly recommends that at least one person looks into income protection insurance, and if you are the only person who works it is a vital investment.
If you are looking for Income protection insurance in Brisbane and are interested in learning more than get in contact with Cover Plus today by calling Craig Shanley on 07 3368 2412 Or fill out the contact form below and we will be in touch within 24 hours.