What if there was no income coming in? How long could you keep your household and your family’s lifestyle secure without earning an income?
According to a recent study, for every home lost through fire, there are 3 homes lost through death, and an astounding 48 homes lost through disablement. That is a very sobering thought!
According to the Australian Housing and Urban Research Institute, 20% of mortgage defaults are due to ‘illness or an accident in a household’.
Income Protection insurance is an important product to help you provide for yourself and your family in the event of illness, injury or disability. It can no longer be an afterthought. Protecting your home is important to you, so don’t forget to protect those people within it too.
In a series of customer stories recently presented by Austbrokers, one story stood out to everyone here at Citycover. The story was about a Husband, Father and Aussie Larrakin who was recently diagnosed with a melanoma.
As you can understand, this hit him and his family really hard. However, due to the recommendation he received from his Life Insurance Adviser, he was able to come out the other side with a smile on his face, due to the on-going income he was able to receive when he was unable to work.
Stories like this put a smile on our face too. At Citycover, everything we do, we believe will enrich our business partners, their families and staff lives by allowing them to live life with confidence knowing their physical, financial and personal risks are looked after by someone who cares.
A staggering 90% of us will end up with an injury or illness in our lifetime, which will cause us to cease working. This put’s the importance of having Income Protection into perspective.
Everyone’s circumstances are different and we do have a range of Life Insurance and Income Protection Solutions available, including:
- Death Cover up to $2m
- Income Protection cover protecting up to $20k per month
- Income Protection benefit periods of 1 & 5 years, or up to age 70
- Serious illness, otherwise known as critical illness or trauma cover up to $350k
- Kids cover
You can mix and match cover to suit you, all in one simple policy.
The application process is quick and simple. If you have any questions, please contact your Insurance Adviser at Citycover on (07) 3270 1500.
Find some alarming statistics here provided by Zurich Australia.