What would you do without your income?
Income Protection Insurance is not something that you think about when you head off to work each day or go for that weekend drive or overseas holiday. You insure your home and car without a second thought. You always organise the travel insurance for the holiday. But have you considered insuring your income? With the average annual income nearing $70,000 per year this is your biggest asset over your lifetime (ABS), an asset that is worth protecting.
Have you considered what you would do in the event that you had serious illness or injury that prevented you from working for a period of months or even years? Would you be able to maintain up your financial commitments like your mortgage payments, school fees, car expenses, credit cards repayments and everyday living expenses?
Income Protection Insurance is the first step in securing your future in the event that something does go wrong. At McKenzie Ross, we source Income Protection policies from major insurance companies to give you the most appropriate insurance available.
Income Protection Insurance can replace up to 75% of your gross income when you need it most, that is when you are ill or injured and unable to work. Most policies will ensure that you continue to receive regular income while you recuperate. The length of time you receive your payments will depend on the contract term you choose. A policy can pay you for 2 years, 5 years and to age 65 or 70.
Income Protection Insurance should be considered regardless of whether you are young, single, married, with or without children and reliant on a regular income. To discuss your requirements please contact Cameron
Ogle or your account manager.
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