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Income Protection
We work together with you to build the right income protection plan for you and your goals
Income Protection: Safeguard Your Financial Future
It is not always easy to predict the surprises that life may throw at us, but it is possible to prepare financially for the ups and downs of life. Income protection aims to help you survive a period whereby you cannot work because of sickness or qualifying injury. LIFESUPERPLAN allows you to get income protection plans that meet all your needs and requirements in the event of twists and turns.
Why Income Protection is Important
Having a source of income is one of your most important assets; it is your earning capacity. Income protection makes provision for a client if he/she cannot work due to an illness or an injury; this type of insurance guarantees you a certain percentage of your income so that you can concentrate on recuperation, knowing fully well that you are financially secure.
Key Benefits of Income Protection :
- Regular Income Payments: Partial remuneration or financial compensation provided to employees, covering up to 70% of their wages, during periods when they are unable to work.
- Coverage for a Range of Conditions: Income protection pays out for any medical condition, whether temporary sickness or permanent disability.
- Flexible Policy Terms: Popular policy options that help you select suitable policies depending on the waiting periods, benefit periods, and coverage amounts.
- Peace of Mind: Being aware that you can afford to pay your mortgage, utilities, and other bills relieves stress and helps you concentrate on getting well.
How LIFESUPERPLAN Can Help You with Income Protection
At LIFESUPERPLAN, every person’s financial situation is different and unique. That’s why we actively help you choose the most suitable income protection plan that fits your budget and necessary insurance coverage in unpredictable situations.
Personalized Income Protection Plans
Our specialists will analyze your salary, expenditure levels, and future financial plans to develop the right salary protection policy. In this way, we assist you in not being underinsured, but it is equally important that you do not pay for unnecessary frills.
Comprehensive Coverage
Not all income protection policies are equal. We review different plans from different providers to ensure we select a policy covering both short-term and long-term illnesses or disability. If you are an employee or a freelancer, we shall assist you in getting the best possible plan.
Flexible Benefit Terms
You will be advised on the best flexible waiting and benefit periods to offer. The waiting period is the time you have to wait from the day of the injury or sickness before you are entitled to payments, while the benefit period is when you will receive the payments. We assist you in finding a balance between the policy’s price and the coverage offered in a policy.
Income Protection for Self-Employed Individuals
If one is a sole trader, being unable to work often poses a severe threat to his income. In this case, we have specific coverages for self-employed people so that all the business and personal needs of the client are catered for in cases where the business person is incapacitated for a certain period.
Regular Policy Reviews
Just like your career and income grow, your payment protection policy should also develop and change. They also feature routine reviews to guarantee that your coverage adequately meets the current status of your financial needs. Our team reviews your policy periodically and modifies it if necessary to provide you with the required level of coverage
Looking for a detailed insight into income protection
Explore our complete step-by-step guide to income protection
F&Q
Income protection typically covers a percentage of your income if you’re unable to work due to illness or injury. The coverage amount and duration depend on the terms of your policy.
While having savings is essential, income protection ensures that you won’t have to deplete your savings if you cannot work for an extended period. It provides financial stability without tapping into your emergency funds.
The cost of income protection varies based on your age, occupation, income, and the level of coverage you choose. We provide transparent quotes and help you find an affordable policy that meets your needs.
Yes, self-employed individuals can benefit from income protection. We offer specialized plans designed to ensure your business and personal financial commitments are covered if you cannot work.
The length of time you receive benefits depends on your policy's terms. Depending on your coverage needs, benefit periods can range from a few months to several years.
Protect Your Income with LIFESUPERPLAN
Don’t leave your financial future to chance. Protect your most valuable asset—your ability to earn—with income protection insurance. At LIFESUPERPLAN, we guide you through choosing the best income protection plan, ensuring your financial security no matter what life throws your way. Contact us today to explore your options and start protecting your income.
