The monthly salary of an individual is a very integral part of his daily life.
Whether he is single and living independently or single but has a family to support, or married with children, if he is the breadwinner of the family, the survival of his family depends on his paycheck.
Having established the importance of the source of family income, it will be easier to present the importance of income protection insurance.
This type of insurance offers a unique coverage unlike the usual plans that we are used to hear about.
When an agent sells you a policy, the usual thing that comes into mind is that you will not be able to enjoy the benefits of your plan because your beneficiaries will be the only ones who will enjoy it when you pass away.
This is a very common misunderstanding of policies.
Not all policies cover life or disability or accidents alone.
There are now plans that protect your income if anything untoward happens to you.
Should you become ill in the future and your sick leave and sick pay does not cover it anymore, this policy will be able to provide for claims made, giving you at least a portion of your supposed earnings.
With this, you will be able to recuperate without the added burden of not receiving any amount due to your inability to perform at work.
Some of us stretch our salaries by subscribing to installment plans for some purchases in order for the monthly payment to be light.
If you miss a payment, your purchase will most probably be forfeited.
Think about it now, when you find yourself incapable of working due to illness or an accident, there will be a delay in the payments for your installments.
Failure to do so might possible result to repossession of your purchases.
Worse, you will not be able to get your previous payments back.
In order to live a stress free life, especially when you are the main income generator in a family you are supporting, it is a wise move to invest in this type of insurance.
This way, you are not only protecting yourself from not being able to receive your pay.
At the same time, you are protecting your loved ones from facing financial crisis.
With this in mind, you need to likewise prepare for your retirement by hiring a financial expert who knows his way around this industry.
Prepare for retirement planning and reap the benefits of all your hard earned savings.
Decide on it now while you are still of sound mind.
Whether he is single and living independently or single but has a family to support, or married with children, if he is the breadwinner of the family, the survival of his family depends on his paycheck.
Having established the importance of the source of family income, it will be easier to present the importance of income protection insurance.
This type of insurance offers a unique coverage unlike the usual plans that we are used to hear about.
When an agent sells you a policy, the usual thing that comes into mind is that you will not be able to enjoy the benefits of your plan because your beneficiaries will be the only ones who will enjoy it when you pass away.
This is a very common misunderstanding of policies.
Not all policies cover life or disability or accidents alone.
There are now plans that protect your income if anything untoward happens to you.
Should you become ill in the future and your sick leave and sick pay does not cover it anymore, this policy will be able to provide for claims made, giving you at least a portion of your supposed earnings.
With this, you will be able to recuperate without the added burden of not receiving any amount due to your inability to perform at work.
Some of us stretch our salaries by subscribing to installment plans for some purchases in order for the monthly payment to be light.
If you miss a payment, your purchase will most probably be forfeited.
Think about it now, when you find yourself incapable of working due to illness or an accident, there will be a delay in the payments for your installments.
Failure to do so might possible result to repossession of your purchases.
Worse, you will not be able to get your previous payments back.
In order to live a stress free life, especially when you are the main income generator in a family you are supporting, it is a wise move to invest in this type of insurance.
This way, you are not only protecting yourself from not being able to receive your pay.
At the same time, you are protecting your loved ones from facing financial crisis.
With this in mind, you need to likewise prepare for your retirement by hiring a financial expert who knows his way around this industry.
Prepare for retirement planning and reap the benefits of all your hard earned savings.
Decide on it now while you are still of sound mind.
