Income protection is one of the most important yet often overlooked aspects of personal financial planning. While many people insure their homes, cars, and even gadgets, they forget to protect the one thing that funds it all—their income.
Income protection insurance provides regular payments if you’re unable to work due to illness or injury. Instead of facing financial stress during an already difficult time, this type of cover ensures you can still meet essential expenses such as rent or mortgage payments, utility bills, and daily living costs.