Income Protection Insurance
Seventy five percent of Australians will be diagnosed with a serious illness during their working life. Could you afford to maintain your standard of living and pay your bills if you were injured or too sick to work?
Income protection—or ‘lifestyle’—insurance pays up to 75% of your income if you are ill or injured and unable to work. Cover is tax deductible and starts as low as $A2 dollars a day. The wise investor considers taking out cover before borrowing heavily to do so.