Have you been considering reviewing your existing income protection or taking out an income protection policy? If you do not have a policy then let us explain what it is. Protecting your wealth keeps your income coming if you are injured or ill and unable to work. If you are working and you rely on your income then you can not afford to be without it. Where would you be today if your income stopped yesterday?
HOW DOES IT WORK?
If you are injured or ill and unable to work income protection will pay you a percentage of your gross income commensurate with the policy. Income protection shall start paying you after you have completed the waiting period elected on your policy at the time cover was taken out. No benefit shall be payable for or during the waiting period.
At WRS we have the tools to be able to determine which policy is best for you. We consider such variables as your occupation, age, smoking status, pastimes, and income level to determine the best insurer for you. We can then use our database to tailor a product that fits your needs. Income protection is also a tax-deductible expense. It is among the most claimed upon and paid personal insurances.
At WRS we are committed to providing advice for financial protection to our clients in obtaining cover. This said we can not guarantee that it shall be available to you. Factors such as pre-existing medical conditions, age, and occupations all play a role in being able to secure income protection insurance.