The vast majority of people have to go to work simply to earn an income on which to live. If that income were to stop for whatever reason ask yourself how would you manage? Could you survive on your savings, or on the sick pay from your employer? If not then you will need to consider some other way of paying the bills. You might need to consider:
- Income protection insurance
- Accident, sickness and unemployment insurance or
- A combination of both.
It is estimated that the average person would only be able to manage 17 days loss of income before financial hardship would set in.
Income protection insurance covers most illnesses that leave you unable to work.