For an average person, working a 40 hour week from 18 – 65, they will work for 90,240 hours per annum (assuming a 4 week holiday per year). We spend a great deal of our lives working for an income which is highly valuable to ourselves and our families. As most of us are already aware, time is our most valuable asset and can not be purchased.
Income Protection Insurance will provide you and your family with a regular income should an accident occur causing sickness or injury preventing you from being able to work. Income Protection Insurance will allow you insure your current level of income up to a specified level and you can also choose the period to be paid for. This is generally capped at retirement age, which in most cases is 65 years old.