Ask yourself what would happen if you woke up tomorrow and found you were incapable of working for an extended period of time. Do you survive without your income for an extended period of time (12 months or longer)?
Income protection insurance provides cover for individuals, 24 hours a day, anywhere in the world, regardless of impairment.
If you don’t have savings how could you support your household, repay your mortgage or save for the future? You may think Workers Compensation will cover your costs in the case of an accident, but Workers Compensation protects you if your injury is connected with work. (You can read more in our article Income Protection versus Workers Compensation).
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