Income protection insurance plays a key role for Australia households, providing security if illness or injury prevents you from working. Here’s how income protection can complement other financial planning efforts.

1. Ensuring Income Continuity
Income protection insurance replaces a portion of your income, helping cover bills and living expenses during recovery.
2. Balancing with Emergency Savings
While emergency savings are essential, income protection can provide longer-term financial stability if an illness extends beyond a few months.
3. Complementing Life and Trauma Insurance
Income protection works well alongside life and trauma insurance, creating a comprehensive approach to financial security.
4. Tax-Deductible Premiums for Financial Efficiency
Income protection premiums are often tax-deductible in Australia, offering a cost-effective way to manage insurance expenses.
Income protection insurance is a smart addition to financial planning. Contact Hooper Insurance for general advice on securing income protection.
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