Protect Your Income

<p>Most people understand that their physical assets should be protected by insurance, but when it comes to income protection they simply don’t even think of it. Yet the ability to produce an income is actually your best asset. Income protection cover will ensure that you will receive 75% of you income should you be unable to work for any time due to disability of illness.</p>

<p>Since no one knows what the future holds in regard to accident or illness, it pays to protect yourself and your family in this way. It can save a great deal of pain and heartache as you see your plans for your future financial security go down the plughole. Having to pay large bills for illness or accident recovery can be devastating to your finances and put all your plans back by many years. Sometimes your family may never recover financially from such a setback.</p>

<p><a href="http://www.ccafp.com.au">Income protection</a> Australia can prevent such terrible losses by providing 75% of your income if you are unable to work. You may think that Work Cover <a href="http://www.ccafp.com.au">income insurance</a> is good enough, but this only pays a benefit if you are injured at work. It does not take illness into account. It is also likely to be withheld until it is determined what your disability is.</p>

<p>In comparison income protection also covers illness – for which the majority of claims are made. It pays out immediately when the waiting period is over and optional benefits may be paid for and claimed. Protecting your income means that you are actually protecting your whole future and that of your family.</p>

<p>It is also good to know that income protection will pay out in the event of a partial or temporary disability. This means that you can focus on getting well, rather than worrying about how you will pay your bills.</p>