Income Protection Insurance and Business Expenses Insurance are important aspects of any financial plan.

Employees: Protecting your income against the unforeseen is one of the most important decisions you can make in life. You never know what's around the corner; you could get really ill, or have an accident that leaves you unable to work.

With an appropriate Income Protection Insurance cover you can arm yourself against these possible threats to your lifestyle. The cover usually pays up to 75% of your nett income before tax. If the worst case scenario becomes a reality you can still pay your regular bills such as your utility bills and your mortgage, put food on the table and provide the necessary expenses for your family.

Business: Income Protection Insurance can also cover 100% of non variable business expenses.

Self-employed entrepreneurs need to protect themselves against sickness to make sure they can still function financially in the event of illness or accident, especially since they don't have the standard employee benefits paid to employees.

These premiums are generally tax deductible.