Income Protection

Income Protection -family is income protected schema
The recent study by monster.com, a portal site, said that about 15% of employers said they dismissed their employee as absent without legitimate excuse for this year, so if you are an employee then the risk to the dismissal of 20% higher than in the past two years? The dismissal can make radical changes in once financial position and, if the whole family depends on the wage is therefore necessary to prevent the entry of disease, disability and unemployment. Income Security is the most important policy is a life insurance policy, or stands alone. Income protection insurance provides life long income protection and protection of revenue streams during accident or sickness up to 2-3 years or until age 65.

Why you must need a income protection insurance policy?
Ask yourself what would happen if you woke up tomorrow and said they were not able to work longer. You can not survive without income from a longer period (12 months or more)? income protection policy covers people by 24 hours a day throughout the world regardless of impairment. If you do not have savings, how can you support your family, pay a mortgage or saving for the future?

Merits of income protection policy:
There are many benefits of this policy such as disability income replacement costs in retirement income replacement medical reimbursement involuntary unemployment, income replacement and income replacement for survivors. Various mandatory and voluntary elements of each of these categories are usually combined to produce a set of benefits to a group of workers to supplement the resources and objectives of the organization that provides services.The major goal is the return of long-term revenue by 60 percent of the compensation that is preceded by increased levels of reimbursement, usually up to 100 percent during the first six months of disability. payment of long-term disability usually ends at the age of retirement (when pension payments begin) or when the worker recovers or find another job. Retirement benefits include payment of pensions to the insurer after obtaining retirement, this policy only applies if the insurer was involuntary. retirement policy can cover up to 60% of the salary earned during employment.