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Income Protection Insurance

If it’s your income you’re concerned about protecting should you ever lose your job or business then this is the insurance that will allow you to receive a regular monthly income if you are injured or ill. Having this type of insurance basically safe guards you so that you are still able to pay your mortgage and bills while you recover.

 

Here’s something you may not know…The insurance premiums are usually tax deductible and you can typically receive up to 75% of your (insured) gross income and for some types of occupations, it can be as high as 80%!

 

More? Waiting periods (the length of time you have to wait until you receive payment) vary from 7, 14, 30, 60 or 90 days. The longer the waiting period the lower the cost. The benefit period, which is the length of time you receive your payment, varies from 2 or 5 years or to age 65.

 

It’s extremely important to get the correct level of cover as too often we think that this is the case, only to find out in an unexpected circumstance, that we don’t! At Kearney’s we will ensure that this will not be the case.