Balla
Brokers Income Protection Insurance
Income Protection Insurance from Balla Brokers
Balla Brokers Income Protection can help with:
- Critical
Illness Insurance
-
Sickness, Accident & Unemployment insurance
-
Private medical insurance
-
Long term care plan
Balla
Brokers Income Protection
If you are unable to work through illness or injury, a Permanent
Health Insurance policy can ensure you will continue to receive
a degree of replacement income after your employer’s
sick pay has ceased or reduced.
People
who do not receive any sick pay from their employer or are
self-employed, there are policies that can pay benefit from
day one. If a someone does receive employer’s sick pay
for a defined period of time, i.e. 6-months, it is usual to
select a level of monthly benefit to commence from this time.
The maximum benefit that can be paid is usually 60% of a persons
gross salary, but this does differ between insurers. It is
usually advisable to select the term of the cover to retirement
age, if the premium is to expensive to fit within your budget,
selecting a shorter term to the policy is usually less expensive.
If
your main priority is to make sure that your mortgage payments
could be maintained during a period of prolonged ill health,
a level of benefit equal to the monthly cost of your mortgage
payment and any unprotected insurance related payments should
be considered.
Permanent
Health Insurance has the advantage over Sickness and Accident
insurance policies in that they pay long term benefit when
compared to benefit restricted to 12-months per claim with
a Sickness and Accident policy.
For
further information on Balla Brokers Income Protection visit
the Balla Brokers website.
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