Public servants have the duty of making a change in the community and serving the people residing there in every way possible. If you are a public servant, you know the importance as well as the complexities of the betterment of the society. From building of roads, setting up and maintaining good educational institutions to providing basic necessities like health care, everything comes under the public sector and no other profession can lend such a big hand to the service of the society.
Sometimes, while spending so much time thinking about the welfare of the people, public servants forget about their own welfare. This can be a possible threat to a secure future since you might fall sick and not be able to go to work. Public servants also have to travel a lot, so there might be a possibility that you might meet with an accident. When you fall ill, you not lose the opportunity to serve your people but also are deprived of the income you used to derive from the job you did.
Illness or disabilities could end the working capability of a person and absence of an income source would mean malfunctioning of the whole household. Expenses like rent, bills and other necessities for livelihood would not be met and would disrupt the whole lifestyle. To avoid such circumstances, one can be ready for any kind of tough situation by applying for Income Protection insurance.
As the name suggests, income protection is a source of income that helps you carry out the regular expenses of the household while you are not able to work due to an injury or some illness. The insurance will provide you monthly benefits of up to 75% of our income. The benefits could be paid for as long as two years depending upon the type of policy you have taken. Thus, using the income protection insurance, you can not only pay for your medical expenses and recovery, but also meet your daily expenses. This also ensures that you don’t have to spend from your savings that were planned for your children’s education, to pay off some loan or other debts.
While choosing an income protection cover policy, make sure that you take the indemnity value policy as it assures growth. This can be understood more clearly by taking an example. Suppose your salary increased in the past year; to ensure that your benefits too increase, the indemnity policy helps you to add to your cover as well. Thus your progress does not remain stagnated.
With so much to offer and most importantly a secure future, do get your income protection insurance done today. As they say, problems do not knock on the door; they just enter your house. Thus, one should be prepared for all situations. Income protection is one such way. Stay safe and make your future brighter with us! Remember income protection insurance can cover up to 75% of your gross income, such amount of money can help in hard time. Get your quote now.
Note: John P. John is the freelancer for the Australian life insurance and income protection website www.lifedeal.com.au