Income Protection Insurance
Most of us focus on securing our assets using insurance policies and coverages. From home to automobile, everything is backed up with the right plan. However, have you ever thought about insuring your income?
While not many people know or prefer taking this step, it has gained significance among numerous policyholders. Called Income Protection or Life & Income Protection Insurance the policy covers all types of monthly expenses. You can also use the amount to maintain basic living standards after undergoing medical treatments.
In case your working abilities are impaired after undergoing the treatment, this policy will provide you with monthly support. Moreover, the amount can also come in handy when you have to clear your long medical bills and dues. You will not have to worry about getting back to work, rather focus on your complete recovery during this period.
By getting this policy, you will receive around 75% coverage of your average monthly income to be used for expenditures. Since no one can predict what happens in the future, the Life & Income Protection Insurance will help you manage your finances perfectly. Additionally, it will also make you stress-free in the finance department.
If you need help in choosing the right policy, Top Mortgages experts are here to guide you. Our experience and knowledge are available at your disposal. Make the best use of it!