Income Protection assists in protecting against the loss of one of our most valuable assets; the ability to earn an income. What would happen if you were unable to work for an extended period due to illness or injury? You may be entitled to sick leave and accrued annual leave, but once these benefits have been exhausted, will you be able to meet your ongoing expenses and commitments?
Income Protection is designed to provide you with a monthly income, generally up to 75% of your gross annual income. This payment can assist in meeting day to day living expenses including mortgage or rent payments, groceries, phone and utility bills, school fees, credit card debts and other day to day living costs.