Although we believe that everyone should invest in Income Protection, there are certain groups that we feel need it the most. In this blog, we will highlight which groups would benefit from having this type of insurance and why.
Why Is Income Protection Relevant?
While many people are familiar with Income Protection, there are still a good amount of people that haven’t. To be clear, Income Protection is a type of insurance that secures your job’s paycheck when you can’t due to an injury, illness, or disability. You will receive money while you aren’t working. With this money, you would be able to continue paying for your daily bills and needs. Some of these things may include:
- Mortgage / Rent
- Utility Bills
- Lawn Care
Groups That Needs Income Protection ASAP
- People With Stable, Good-Paying Jobs
- The individuals in this group have stable jobs that may be paying relatively well. These are the kinds of paycheck you want to protect. If you ever get into an event that will cause you to be unable to work, you want to be able to still be getting money. This money will help you be bale to maintain your current lifestyle.
- New Parents
- Having a new baby is a wonderful and exciting experience. But, it also comes with a lot of responsibility, especially the financial kind. Your job allows you to take on this newfound financial responsibility and support you family. If you were to be unable to work, Income Protection Insurance would still allow you to provide for them.
- Anyone With Dependents
- Whether you have extended family, your parents, or children that live in your house and you are financially taking care of, you would benefit from Income Protection Insurance. The people who depend on your paycheck to provide from them would still be taken care of if one day you are not able to go to work.
Do You Belong To One Of These Groups?
If you belong to one of these groups, you should heavily look into investing in Income Protection. It will offer you great financial protection if you ever get hurt, sick, or disabled to the point where you can’t work. Having dependents, whether children or elderly parents, can be a big financial responsibility and Income Protection will work in your favor when you are not receiving a paycheck.
Get Protected With Income Protection
Our advisors are ready to protect you and your family with Income Protection. It will be a lifesaver if you are the main breadwinner of your family and can’t work one day. This type of insurance will make sure that your family continues to be taken care of.
Call us to get started at: (800) 788-8921 or fill out our Contact Form to be connected to one of your experienced advisors. We look forward to hearing from you!