Disability income protection insurance
Get affordable disability income protection insurance to protect you and your family in the event of the unforeseen.
Life can be unpredictable, and thus it’s essential to plan for the unforeseen. This is particularly true for those with families, and those who are the main breadwinners in their households. Your income is able to provide your family with all the necessities it needs to flourish – but what if the unexpected meant that you were no longer able to work?
Disability income protection insurance will serves to protect your income in the event of disability. Protecting your future earnings won’t compromise your income today. While you can’t predict the future, you can ensure that you, and your loved ones, are always taken care of, whatever life may bring.
Below, read on to learn more about Disability Income Protection Insurance.
What is Disability Income Protection Insurance?
Disability Income Protection Insurance – or disability insurance – is a type of insurance that protects the policyholder’s income against the risk of losing his or her income as a result of being unable to work. For example, if the policyholder acquired a disability that made it impossible to work, a disability income plan would provide short-term and long-term benefits in the form of income. It could also help to pay for other costs associated with loss or disability – costs which, in themselves, could place significant strain on a family’s budget.
A disability insurance policy pays out either in one tax-free lump sum of money, or in regular installments. It will ensure that both day-to-day expenses (such as groceries, home loan installments and school fees) and costs associated with the disability are covered. Whether brief or extended, an illness or disability can seriously affect a family’s ability to remain financially afloat. A disability income protection plan will ensure that your family retains a firm financial footing, even in the event of illness or injury.
Who needs disability income protection insurance?
Any employed, self-sufficient individual should consider disability insurance and/or dread disease insurance. However, these types of policies are particularly recommended for any person whose income is used to support their dependents, and for any individual who is self-employed.
If you are the primary breadwinner in your family, it’s vital to ensure that your family will always have an income, even if your ability to earn a living were to become compromised. And, if you’re self-employed, an illness or injury could prevent you from continuing to work. Again, an income protection plan will provide for you and your family if you no longer can.
How can I apply for disability insurance?
You can apply for disability insurance or dread disease insurance today, by contacting Jackie Robinson for an appointment to get you the appropriate cover now!!
