It’s never a good thing to have to lose your job or have to forfeit your monthly income for some unforeseen circumstance that leaves you without a job or not being able to perform it any longer. Things like serious illnesses and disability can leave you lost without income and, without anything to fall back on, you could end up losing everything and possibly even end up in the street. If you have a family to provide for and you have bills to pay every month then you need to ensure that you continue to receive money even when something totally out of your control occurs. The easiest way to do that would to put policies in place to kick in when you need them to.
You can start with getting quotes from different insurers and checking to see what benefits they have to offer you as part of their service. Online companies like Priceline Protects can give you all the information you need and you can get quotes drawn up from the site, or you can arrange to have one of their financial consultants give you call to have a chat about what you need to know. If loss of income is a big factor for you then you can take out cover for it that will give you a specific amount of money each month to supplement that loss. Unfortunately, most insurers do not pay out the full equivalent to your salary, but at least the amount will be enough to cover you for enough time to find a new job somewhere. You may be able to play around with the benefit amounts and indemnity periods on the policy if you need to try and make it more affordable, but that depends on the insurer and whether or not they are willing to accept that specific type of risk on their books. It’s important to make the policy affordable because you need to ensure that the cover and the benefits are always in place in case of an emergency. So many employees have felt that their jobs were safe, only to find that they were being retrenched after a few bad quarters. Once their settlement packages run out, there won’t be anything left to cover you every month unless you find a job or your income protector policy kicks in for the next few months.
AS you can see, the value of having this kind of insurance is invaluable when it comes to helping out when financial times are tough. You may be able to play around with the benefit amounts and indemnity periods on the policy if you need to try and make it more affordable, but that depends on the insurer and whether or not they are willing to accept that specific type of risk on their books. It’s important to make the policy affordable because you need to ensure that the cover and the benefits are always in place in case of an emergency.
It’s never a good thing to have to lose your job or have to forfeit your monthly income for some unforeseen circumstance that leaves you without a job or not being able to perform it any longer. Things like serious illnesses and disability can leave you lost without income and, without anything to fall back on, you could end up losing everything and possibly even end up in the street. If you have a family to provide for and you have bills to pay every month then you need to ensure that you continue to receive money even when something totally out of your control occurs. The easiest way to do that would to put policies in place to kick in when you need them to.
You can start with getting quotes from different insurers and checking to see what benefits they have to offer you as part of their service. Online companies like Priceline Protects can give you all the information you need and you can get quotes drawn up from the site, or you can arrange to have one of their financial consultants give you call to have a chat about what you need to know. If loss of income is a big factor for you then you can take out cover for it that will give you a specific amount of money each month to supplement that loss. Unfortunately, most insurers do not pay out the full equivalent to your salary, but at least the amount will be enough to cover you for enough time to find a new job somewhere. You may be able to play around with the benefit amounts and indemnity periods on the policy if you need to try and make it more affordable, but that depends on the insurer and whether or not they are willing to accept that specific type of risk on their books. It’s important to make the policy affordable because you need to ensure that the cover and the benefits are always in place in case of an emergency. So many employees have felt that their jobs were safe, only to find that they were being retrenched after a few bad quarters. Once their settlement packages run out, there won’t be anything left to cover you every month unless you find a job or your income protector policy kicks in for the next few months.
AS you can see, the value of having this kind of insurance is invaluable when it comes to helping out when financial times are tough. You may be able to play around with the benefit amounts and indemnity periods on the policy if you need to try and make it more affordable, but that depends on the insurer and whether or not they are willing to accept that specific type of risk on their books. It’s important to make the policy affordable because you need to ensure that the cover and the benefits are always in place in case of an emergency.
It’s never a good thing to have to lose your job or have to forfeit your monthly income for some unforeseen circumstance that leaves you without a job or not being able to perform it any longer. Things like serious illnesses and disability can leave you lost without income and, without anything to fall back on, you could end up losing everything and possibly even end up in the street. If you have a family to provide for and you have bills to pay every month then you need to ensure that you continue to receive money even when something totally out of your control occurs. The easiest way to do that would to put policies in place to kick in when you need them to.
Add comment
- Author Articles
- More From This AuthorLife insurance is probably one of the only things you will ever purchase where you will never get to see the benefits. The only thing that it will give you is peace of mind knowing that your loved ones will be...Knowing that your life insurance cover is in place to make sure that you are covered in the event of your death is definitely going to be a reassurance for you if you want to make sure your loved ones will be...With the Australian economy looking so good these days, more and more people are looking to secure their future financial goals. Life insurance is one of those goals that are often left out because they other...When searching for life insurance cover you need to make sure you find the best possible cover that will meet with all your needs. You can now compare over 12 Australian life insurance companies quotes and...The importance of comparing life insurance quotes can never be overstated. The whole reason for that is because it affects your financial future, goals and obligations. If whether you are the head of the...
- Related Articles
- Related ArticlesWomen shoes are one of the highest sold items at a shopping mall. If the number of online shoe stores is any indicator, shoes are selling pretty well. At any women shoe store that is accessible to a good...Folks are famous for carrying out anything. Sure, it is so a lot true. They actually do anything and anything because they are and in end result they attain their facet of anything turned into bigger...Shoes are among the top selling items at a mall. Many women boast of their collection of shoes. So a shoe business may turn out to be quite profitable. If you have some start up capital, then you may think of...Today is the age of ecommerce. Every business usually has a website. A website makes a business easily reachable. People these days often go online and search for what they want. So businesses try to make...People born between March 21 and April 20 have Aries as their Zodiac sign and the lord of the Aries is Mars that means the planetary ruler of this Zodiac sign is Mars. People born with this Zodiac sign always...
- Latest Articles
- Latest ArticlesWhen your garden becomes a wasteland and the plants need pruning and cutting, and the garden needs weeding you must be looking for some good garden landscaping. A garden is a place to unwind and relax or you...he diabetes glycemic index was developed in the 1980s by researchers who were looking for a way to help diabetics deal with monitoring and controlling blood sugar levels. Since that time, the diabetes glycemic...Women shoes are one of the highest sold items at a shopping mall. If the number of online shoe stores is any indicator, shoes are selling pretty well. At any women shoe store that is accessible to a good...Disability is not inability but it can translate into immobility. Such a situation can greatly hinder someone from moving from one place to the next with ease. To ensure that you don’t not end up depending...Many people feel sad and unconfident because they are born with some physical deformities. These days, cosmetic surgery is the best or even only choice to help them to remove this sadness. As you know, all...
