Why is Income Protection Important?
If you are unable to work due to sickness or injury for an extended period of time how will you support your current financial commitments? Your ability to produce an income is your most valuable asset and this must be protected.
Clear Financial Planning offer Income Protection policies that are flexible in cover, from basic policies limiting the time of the claim to more extensive cover. The cost of income protection can vary significantly based upon:
- Waiting Period
- Benefit Period
- Amount of Income you wish to be covered for
- Your Occupation
Income Protection premiums are generally tax deductible.