Having to take time off work for health reasons may be a reality for you at some time in your life. With income protection insurance, you won’t have to worry – you can receive a monthly payment.
To protect your earning ability, ABC Bank offers three types of cover:
Income Protection
Income Protection looks after your lifestyle by protecting your ability to earn. It’s particularly important if you have financial liabilities, such as a mortgage or a personal loan.
Mortgage and Income Protection
Protecting your home is important, Mortgage and Income Protection is designed to help you meet your mortgage repayments or rent in the event of illness or injury. You also have the option to add cover for redundancy.
Monthly Critical Illness
This type of cover could provide you with a monthly income if you are disabled as a primary result of suffering one of the critical conditions covered by the policy.
Family Protection
Family Protection could provide your family with a monthly income if you die, instead of one lump sum. The money could help your family to maintain their usual lifestyle.