Sentences with phrase «income protection insurance replaces»

Income protection insurance replaces the income lost through your inability to work due to injury or sickness.

Not exact matches

Disability income insurance definition: Disability income protection provides benefits that are designed to replace your current income.

Income protection insurance (also called Disability Insurance) provides you with financial security by replacing a part of your income in case of a disability resulting from an illness or injury, if you are not able to work afterIncome protection insurance (also called Disability Insurance) provides you with financial security by replacing a part of your income in case of a disability resulting from an illness or injury, if you are not able to work afinsurance (also called Disability Insurance) provides you with financial security by replacing a part of your income in case of a disability resulting from an illness or injury, if you are not able to work afInsurance) provides you with financial security by replacing a part of your income in case of a disability resulting from an illness or injury, if you are not able to work afterincome in case of a disability resulting from an illness or injury, if you are not able to work afterwards.

It is important for everyone with a family to support to have adequate life insurance protection in place to replace his or her income and protect the family from financial crisis.

If a disability occurs and there is no insurance protection, there may be temporary sources of funds to replace income.

People that buy term life insurance are usually concerned about providing their family with protection so they can send the kids to college, pay off mortgage and replace the otherwise lost income in the event of unexpected death.

And, your family will have the life insurance protection they need, to provide for their living expenses, and replace your income should you pass away.

While term life insurance policies provide great protection to replace income, pay off existing mortgages and debts, they are not designed to last until old age.

Term life insurance is recommended to replace your income for your family and to provide the most life insurance protection at the lowest cost.

The original purpose to buy a life insurance plan was for «pure protection», meant to replace the lost income of a main breadwinner of a family.