ALL >> Investing---Finance >> View Article
Tips And Advice How To Protect Your Income?

Income payment protection insurance - a solace!
Find financial relief by opting for payment protection on income. Do not be worried if you were to lose your job all of a sudden, your insurance policy will cover you. You get up to 75% of your income in case you meet with an accident, are suffering from a trauma or illness. Some will pay you till you get back to work or find another job incase you have lost a job. Others will pay up to your retirement age, if you are unable to get back to work due to redundancy, roughly around the age of 65 years.
Are you contemplating over your loss of salary in case a financial calamity strikes? What is going to happen of you and your family if you meet with an unfortunate accident, terminally ill, bed ridden or lose your job? If you are the only bread winner of the family and something unfortunate was to occur, how will you protect your salary? Simple, save some money out of your salary every month and pay for income payment protection covers.
It also helps you get tax exemption and makes sure that you pay your grocery bills, medical bills, credit card bills and other ...
... loan bills too and carry out all other financial activities hassle free in case of loss of job or inability to work. You can peacefully have your meal despite of losing your job. These income benefits can be enjoyed until one of the following events occur; you may die, if the term you have decided to take the plan over finishes, you stop suffering enough of a loss in your salary. Consider all the terms and conditions mentioned in your policy and then sign up for such policies. It is better to talk to a licensed insurance agent and get your ambiguities cleared. He will be in a better position to help you out with all your queries. Remember, that if you apply for a higher insurance premium then you get benefited till your retirement age.
Also check if your insurance premiums are guaranteed or reviewable. The actual premiums you will have to pay on a monthly basis can either be reviewable or guaranteed. A reviewable premium means that the insurance company offering the income protection can review your premiums and decide if they are going to increase, decrease or keep them the same.
Kirthy Shetty, Expert Author, Platinum status. Get more information on: Income Protection Insurance
For more information on: Redundancy Cover
Add Comment
Investing / Finance Articles
1. Why Is The Binance Clone Script The Leading Choice For Crypto Exchange Development?Author: William carter
2. 10 Best Crypto Subreddits To Follow For Trends & Insights
Author: CryptoReach
3. Understanding Equity Release In The Uk: What You Need To Know
Author: Finance Advisors
4. Adms Ebiz Pvt Ltd - Your Trusted Tax Consultant & Itr Filing In Pimpri Chinchwad, Pune
Author: ADMS eBiz
5. Spunweb Nonwoven Ipo Gmp: Price Band, Date, Allotment Status
Author: finowings
6. Stock Market Advisory: Unlocking Success With The Best Trading Tips
Author: Vinay
7. Understanding The Best Cold Crypto Wallet For Secure Storage
Author: Hannah
8. What Happens To Inheritance Tax When You Release Equity From Your Home?
Author: Finance Advisors
9. Turning Equity Into Income: A Property Investor’s Smart Portfolio Shift
Author: Rick Lopez
10. Buying A Home In Auckland? Here’s Why You Need More Than Just A Bank Loan
Author: Mega Finance
11. Breadalbane Finance Highlights Key Differences And Opportunities In Asset Finance Across Scotland
Author: Asset Finance
12. Authoritative Tips For Making Smarter Property Investment Decisions
Author: Rick Lopez
13. Why Do Small Businesses In San Francisco Need A Tax Advisor?
Author: GavTax Advisory Services
14. How To Start A Successful Career In Banking After Graduation
Author: sandeep
15. The Crucial Function Of An Investment Advisor For Making A Desired Real Estate Plan!
Author: Rick Lopez