Income Insurance

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The world economy isn’t exactly in tip-top shape. Previously impermeable industries are now reporting layoffs on a regular basis around the globe. Entire countries have had to slash their budgets and implement austerity measures just to keep themselves solvent. If major nations are having trouble paying the bills, isn’t it time you considered taking measures to protect your welfare?

Income insurance is a new policy designed for the uncertain economic times in which we live. Instead of relying on your employer for all of your income needs, it’s a much safer bet to buy insurance that will not only protect you but guarantee that your family and loved ones will be safe from a sudden shift in your employment status.

How Does Income Insurance Work?

Quite simply, all you have to do is sign up with our agents and pick a plan that works for you. We cover up to 65 percent of your gross monthly income in the event that you suddenly lose your job or major source of income. Whether you work for yourself, are a part-time contractor or have a job with a full-time employer, we will help you to guarantee that you will always have an income.

Income insurance kicks in after what’s known as a “deferral period.” Basically, you tell us when you want to start receiving benefits in the event that you lose your source of income. That could be a month or a year after you lose your job. The time period is entirely up to you.

We cover your income for as long as you keep paying us premiums in accordance with the terms of your policy. That means that if you are suddenly made redundant or experience an exceptional loss in income you’ll be covered until you can get back on your feet.

Of course, income protection insurance may not be just for you. Many of our policy holders have families and loved ones to support. Making sure your children are safe and are eating properly will never be a concern for you once you buy income protection insurance.

Income insurance isn’t just unemployment insurance; it can also be a form of temporary health insurance and act as loan protection depending on each policy holder’s specific financial situation. For more specific details, please consult our pages that detail our policies on sickness insurance, accident insurance, private medical insurance, and life insurance.