Income Protection

Modern life is filled with risks: crime, disease, accidents, environmental & occupational hazards etc. Fear is a natural response but risk aversion is a survival trait. Income protection insurance helps you survive financially, any surprises that life might throw at you. 

Income protection insurance provides a monthly benefit of upto 75% of your current income until the maximum age of 65 if you are unable to work due to illness or injury. 

Why buy Income Protection?

You don’t have to if you can manage without your paycheck should you be unable to work due to illness or injury. According to the institute of Actuaries, 1 in 6 men and 1 in 4 women are expected to suffer a disability from the age of 35 to 65 that causes a loss of 6 months or more of work.

How much cover is required?

Generally the maximum of 75% of your gross salary can be insured should you be unable to work as a result of illness or injury. The length of time that you can receive the monthly benefits will depend on the contract term that you choose. The duration can be from 2 years until the maximum of 65 years of age. 

Premiums are generally tax deductible. Speak to a Golden Touch Consultant today to obtain a comprehensive account of the terms and conditions and key terms of the available policies.