Income Protection Insurance
Updated 11 October 2018
Do you need income protection insurance?
Each year, tens of thousands of adults in New Zealand find themselves unable to work due to an injury or severe illness per . ‘Income protection insurance’ is designed to pay an income if you find yourself unable to go to work for any reason the insurance covers. To answer if you need income protection insurance, ask yourself:
If your financial situation would deteriorate without an income, considering an income protection insurance policy is a good idea.
- If something happened to force you to stop work, could you survive on sick pay and/or savings?
- How long would you be able to survive without an income?
If your financial situation would deteriorate without an income, considering an income protection insurance policy is a good idea.
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