Why you need income protection insurance

Income protection insurance is designed to provide up to 75-85% of your monthly salary in case you are unable to work due to an illness or injury. While it can easily be seen as an extra expense, there are a number of important reasons why you should seriously consider it. For example, it can help you: 1. Stay financially secure. When you’re unable to work for an extended period, your employer might be forced to let go of you. Or if you have your own business, you might have to put it aside to focus on your recovery. Either way, …