Last Updated on April 15, 2021
The cost of the income protection insurance policy varies depending on different factors. Your insurer will look at your age and job for sure. They will also look at your history from a certain perspective; they will see if you smoke or have ever smoked, they will also check your weight and current health status along with its history and that of your family. The waiting period before the policy pays out will also be verified and matter to the cost of your insurance; all along the percentage of your income, you would like to cover.
