Life changes so rapidly that you never know what is in store for you in near future. This is why Income protection insurance is very important for al us especially in the current economic scenario. Income insurance can not only protect your income but also secure you life and life of your family.
If you have not thought about this insurance then here are some reasons why you should have this insurance for you.
For securing your life
Most of the Life Insurance packages cover as much as 75% of the income you insure. This means that if you face any situation in life when you cannot work because of illness or any other such reason then there is someone to take care of your regular expenses like paying your bills, mortgage, car payments and any other expense that is being managed from your salary. Your life keeps on running smoothly even if you do not have a job or when you are not earning.
Protecting your savings and investments
If you have some investments for which you pay premium or contribute towards any savings then you need to make sure that even when you are not earning the premium towards these investments and savings should continue so that the policies do not lapse and you do not end up losing the money that you had invested till the time you worked.
For your children and you
If you have children then you would not want to risk their happiness and comfort just because you are not able to work and draw salary to meet your expenses. You can compromise on what you want to do but you would never want your kids to face any such crisis.
You may think that you can get assistance from government for many things like for paying your rent, the disability pension for supporting your basic requirements and other kind of financial support. But do you really think that this would be sufficient to meet your expenses to help you in leading a life as per the standards you had been living so far?
These reasons are very basic reasons for which you should have Income protection insurance. You can easily find many more reasons in your personal life for which it is important to secure your income. It is not at a difficult to buy life insurance. It can be easily done online. There are so many companies which offer income insurance. You can simply fill the online form and get quote from coupe of companies. You can find out about the benefits and the kind of protection that you will get from a particular policy. There are so any companies in the market which are offering Income protection insurance and this is why you can get fairy good deal.
If you have already done enough research then you should zero down your search to 2-3 companies and compare the benefits that they offer. It is important to find all the hidden charges and terms and conditions in detail before you buy the policy.
No comments:
Post a Comment