Do I need Income Protection?
Whether or not you need income protection insurance depends on your individual circumstances and financial situation.
Income protection insurance is designed to provide you with a regular income if you are unable to work due to illness, injury or disability. If you rely on your income to support yourself and your family, then income protection insurance can provide financial security and peace of mind by ensuring that you have a steady stream of income to cover your living expenses, even if you are unable to work.
If you have significant savings or other sources of income that can provide for your living expenses in case of disability or illness, then you may not need income protection insurance. However, if you do not have a financial safety net or other sources of income to rely on, then income protection insurance can be a valuable tool for protecting your financial security.
What do I need to consider?
It’s important to consider your individual circumstances and financial situation when deciding whether or not to get income protection insurance. Speak with MortgageLine and we will evaluate your needs and find the right income protection policy for you.
It’s also important to carefully review the terms and conditions of any income protection insurance policy before purchasing it to understand what is covered and any exclusions or limitations. MortgageLine can help with this.
Get in touch today and a MortgageLine Financial Adviser will review your circumstances and provide an income protection quote for you and your family.