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Income Protection

Income insurances cover some of the serious risks that 'always happen to someone else'. These include Accident and Sickness Insurance, Unemployment cover and Income Protection

Income Insurances should form a cornerstone of family security. If the family income is cut or disappears completely due to accident or sickness, the consequences can be too dreadful to contemplate. Statistically, you are five times more likely that you will suffer a serious illness than die before you reach 65. Conversely, thirteen times more people take out life insurance than Income protection e.g. Permanent Health Insurance.

The unemployment figures are worse now than they have been for decades and indications are that the dole queue is growing. There is little most people can do about the security of their jobs, but with income insurances such as Unemployment Insurance, it is possible to protect your financial position and your financial commitments in the event that you do lose your job.

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Long story short...

It is more likely that you will suffer a severe illness than die before you get to 65. Income Insurance is more than good sense, it is a life-line should illness or injury prevent you from working for any length of time.
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