Do you have income protection insurance?
Have you ever considered how your family would manage if you were unable to work due to an illness or injury? Many people assume it will never happen to them, but according to Cancer Australia, one in three men, and one in four women will be diagnosed with cancer by the time they are 75. Many more will be diagnosed with other long-term medical conditions, including cardiovascular disease, type 2 diabetes and chronic kidney disease.
If you are one of the many Australians who have never thought about income protection insurance, it might be worth considering how your family would cope financially without your wage. It doesn’t really matter how much you earn: when you have a mortgage or other debts, children to educate or a lifestyle that you want to maintain, then having income protection insurance when such a crisis occurs can be very helpful.
Income protection insurance is intended to pay you a portion of your regular salary (generally up to 75%) for a set period of time if you are unable to work due to an accident, or the diagnosis of a serious health condition. Can you afford to be without income protection insurance? Knowing that the pressure is off financially can provide you and your family with a great deal of reassurance and confidence. Hopefully you will never need to claim, but in the event that the unthinkable does happen, having income protection insurance means you can be free to focus on your recovery without having to worry about how you are going to meet your immediate expenses.
contact us today on 08 74778252 or email planning@hgfp.com.au to learn how income protection can ensure peace of mind for you and your family.