Protect Your Paycheck: How Income Protection Works

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What is Income Protection Insurance and Do I Need It?

Life happens - and sometimes it hits your income. Income protection insurance is your safety net when illness or injury stops you from working.

How it works:

• Pay a monthly premium based on your age, health, and job.
• If you can’t work due to illness or injury, your policy pays a monthly benefit (tax-free in South Africa) until you can return to work.
• Covers temporary setbacks, unlike lump sum disability cover.

Who should consider it:

• Primary breadwinners
• Freelancers or self-employed
• Those without a big emergency fund
• Anyone with loans, mortgage, or monthly financial obligations

Why it’s worth it:

• Keeps your cash flowing for essentials
• Reduces stress during tough times
• Flexible - choose waiting periods, payout amounts, and benefit terms to suit you

Bottom line:
If the thought of losing your income for even a few months makes you break into a cold sweat, income protection insurance is worth a closer look. It’s not just about money - it’s peace of mind.

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