Income protection insurance was an “exotic” insurance type a few years ago. It’s now one of the most popular and most frequently enquired about products on the whole market! The fact is that people’s insurance needs are changing, and so is the workforce.
The huge rise in the number of self-employed people is one of the reasons, but the traditional workforce is now playing safe as well. Income protection insurance isn’t really very expensive, (you’ll be stunned what you can get for less than $10 a day) and it does cover the risk of loss of income quite efficiently.
The truth is that it’s now portable protection. It serves your needs regardless of your career moves and any changes in your ability to work. Income protection insurance is now the credible defence against life’s little sledgehammers.
If you’re thinking about getting income protection insurance, check out what’s available online. You’ll get a lot more interested in a hurry.
Source: http://www.choice.com.au/reviews-and-tests/money/insurance/personal/income-protection-insurance.aspx
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