Income Protection
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Income protection insurance pays up to 75% of your annual average income, in monthly benefits, to cover your expenses if you are unable to work. You may have Life or Trauma cover (with TPD) to protect against a critical illness or major accident, but what happens if you are off work with a less serious ailment or one not defined in these policies? You may be away from work for several months, a year or even longer. Income protection allows you to cover your expenses and maintain your lifestyle as you concentrate on getting better.
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