Income protection can give you peace of mind in a world where nothing is certain and the unexpected frequently happens. While we dont like to think of the worst situation arising, sometimes it pays to give it some thought. For example, if you have monthly commitments such as a mortgage, rent, credit card or loan repayments, then considering protecting your income with income protection insurance is something that needs careful consideration.
Income protection insurance can help to safeguard your income and give you peace of mind if you should come out of work through having an accident, falling sick or becoming unemployed. The cover will protect you for a period of time by providing you with a tax-free monthly income which ensures that you can afford to meet your monthly bills such as credit card and loan repayments. Unless you have your own little nest egg on which to fall back in times such as these, then income protection should be given some serious thought.
However, when it comes to protecting your income it can be expensive depending on where you choose to take your cover from, and that it is why when it comes to saving the most on your premiums, you...