Last Updated on April 15, 2021
1. What Is Income Protection Insurance?
In a nutshell, income protection insurance protects your income. Basically, you must already have your expensive and valuable assets and possessions insured, such as your house, car, or even just a piece of jewelry that means so much to you. But what about your income? Have you ever thought of it? Ensuring your main source of cash? Well, that’s what income protection insurance does; it covers your income in case you become unable to make it.
