Why Income Insurance or Mortgage Insurance Cover Is So Important

If sickness or injury were to render you incapable of maintaining your income – are you protected from the financial struggle you may face?

Providing an income is the most important asset you and your families have. Losing that income, due to sickness or injury, for a prolonged amount of time, will have devastating consequences on financial potential and subsequently on your lifestyle.

Our goal is to point clients to the best cover at the best price. We also consider other income related expenses you may incur and where possible help you offset those costs against your insurance premiums – we’re so good at this, that for some clients these savings equate to FREE income insurance! There are a number of ways to offset personal expenses, the primary being expensive ACC levies, to help you to get cheap insurance or as mentioned free income insurance.

Income insurance, often called disability protection, provides a safety net and protection against loss of income and should be a priority in your financial plan. At Life Assurance, we’re discouraged to note this important type of risk protection is misunderstood and subsequently as few as 15% of Kiwi’s have taken out income protection. We always ask those without cover “how would you/your family cope if you were to suffer a long term illness that limited your ability to earn an income? Say a stroke that left you partially paralysed…” It’s a good idea for us all to ask the question, and if the answer worries you – talk to us today about getting together for a free insurance review.

Disability insurance cover ensures that, should you become temporarily or permanently disabled, you can continue to meet your mortgage repayments, education costs, medical bills, and other day-to-day expenses as well as maintain your familiar routine and tick off your bucket list throughout your treatment and recovery.