On Talk Money this afternoon we continued the discussion of life assurance. Today we covered Loss of Income Insurance in the case one losing the ability to earn an income.
Statistically, one has more chance of being disabled due to an accident, stroke, heart attack or cancer than dying between age 18 - 55. Lately cancer seems to be on the rise and many young people are being diagnosed with life threatening diseases.
The sad thing is, when this happens there is a huge impact on one's family. Besides the emotional stress, being disabled leaves a huge financial strain on a family. There are a few employers who will assist for a month or two, but then the disabled employees are left out in the cold.
What would happen to you if a sudden traumatic event had to happen tomorrow?
Would you have enough income to cover your bond, hp's, school fees and etc? What about the huge medical expenses that one would be burdened with? Income Protection Insurance is not a luxury, it is a necessity and premuims are very reasonable. Have peace of mind and make sure you get income protection assurance today. Contact me now and I will arrange a quote for you.
