The importance of Women having income protection.

Why you need it?

As a women income protection should be a critical part of financial planning, not only for yourself but for your family. Single or married, having this protection can assist you and your family with paying for medical bills, debts, taxes and any other expenses that may incur in the event of illness or a tragic accident.  Although it’s not a happy subject to discuss it’s essential that a plan is in place, particularly if you are a sole provider or contributor to your family income.

Budgeting for protection:

It is important when budgeting to ensure you have included your income protection costs. This is a crucial expense which may mean you have to cut out other unnecessary expenses to ensure that it is covered. The price of your insurance will be dependent on your age, your health history, occupation and the type of policy you require.

Choosing your policy:

When looking into your insurance policy, be sure to shop around and chat to variety of companies. It’s best to see all options available, the costs associated and what you want to be covered for so that the policy meets you and your family financial needs.

Women play a critical role in everyday operations of their families so while income protection can seem like an additional expense it’s important to look at it as an investment to protect your life and your families!

For more information and assistance with income protection and life insurance contact us here.