Income Protection

 

Income protection and need careful calculation

Income protection needs to be especially for facing old age.Health is a priceless part of our lives. Along with the growing age, the growing opportunities in us to face the risk of disease.



If one unexpected events befall you, and it's because of bad health or prolonged illness due to accidents, you are dealing with the financial risk that is not less in the activities and obligations of your daily routine days. Due to sickness, the activity can also disrupted for a long period of time. As a result, the regular monthly income can be subject to you, and even lost altogether.

Bad health condition due to your illness or accident could force you treated in the hospital so that you cannot to activities. After the emergence of adversity, and what you measure and how long you will be facing financial difficulties? A study in the United States published a Life Foundation reported that 27% of U.S. residents who have experienced prolonged pain will directs experience financial difficulty.

As many as 49%, will experience financial difficulty one month later. However, from the picture, we can imagine how vulnerable his financial condition of our society at times when they experience a critical illness or pain because of an accident for a long time!

Conditions hamper the ability to work so that someone in that very vulnerable to loss of revenue / income regularly every month. In fact, there is no one among us who can be free from the threat of critical illness or serious illness likes that. As an employee, if you experience things like that, the company set the conditions generally decrease the amount of salary that you will receive from month to month when you cannot go work in a long period of time.

Certainly, the percentage of revenue that it will not be reduced enough to cover your routine expenses from one month to next month! What happens when a prolonged illness that we have a whip profession as independent workers, such as film artists, doctors, legal advisers, musicians, architects, or interior designers? When we experience adversity, and it does not cause us to be able to work, is certainly our financial condition is very disturbed.

Why? Because, as independent workers, we do not get regular compensation earnings per month from other parties, employees of the withdrawal, so that the routine we can directly reduced at that time also! When a prolonged illness befall you, for example, regular income and your monthly decreases, how the costs for this must be paid from your monthly income?

Who will pay to rent a house, car installment credit, installment credit is still a home run, the cost of electricity, and telephone costs each month? Without a regular income inherent in yourself, you may simply be experiencing financial difficulties to cover the various costs in the monthly routine.

Benefits Income Protection Policy-oriented

to protect you from financial risk due to earnings-per-week routine is reduced or lost because you cannot work due to prolonged illness, a product-oriented life insurance income protection (protection money) to attend to you.

Products of this type is designed to maintain and protect your regular income (as an insurance customers) to a certain limit when you cannot work normally due to an accident or prolonged illness. Insurance policy protection of this manifold will work to overcome the problems and elude you as a customer of the emergence of financial difficulties! In this case, the company's life insurance policy as a publisher will pay the amount of money each month.



While you wait for the recovery and hope you continue to be able to work again, you will receive a regular payment each month of the insurance policy so that this condition is possible for you to meet the needs of a monthly routine. Thus, product-oriented life insurance income protection faithful in assisting you meet your monthly needs.

Products of this type of insurance can replaces your regular income which is reduced or lost when you are treated in the hospital! Policy-oriented features of income protection that life insurance companies issued usually diverse and different with each other. However, generally this type of insurance policy can be designed to begin the payment of money as a replacement of your revenue is approximately 30 - 90 days since you cannot work.

Payments can continue to progress until a certain time period, for example, 12-24 months, or as soon as you can go back to work, depending on which comes first reached. To ensure consistency of your monthly routine in the middle of the emergence of unexpected risks due to the prolonged illness, make sure you have a policy-oriented life insurance income protection! Immediately contact the insurance agent of your choice!

They will provide consultation and professional assistance so you get the insurance products that fit their needs and your financial ability.