Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Why should we compare car insurance?

By Jenymorison Subscribe to RSS | December 9th 2011 | Views:

Are you a homemaker? If your answer is yes then surely your family is dependent upon your spouse’s earning. He is the one, who is taking care of the finances of the family and any uncertainty such as accident or sickness can cause a great deal to your family. To give complete protection to your family, you should advice your partner to get Income protection insurance. The name of this policy is self-explanatory. And if you are the earner yourself then you would be concerned about your family in case you fail to earn someday. So it is advisable to be prepared today by buying yourself income protection insurance.

Income protection insurance can help you cover approximately 70-80% of your expenses such as gas, groceries, rent or mortgage, electricity bill, school fees etc. if any mishappening occurs to the earning member of the family. It can help you get along with your day to day expenses until the earning member get well and start to work again.

Here is an insight that you should have before even you convince your husband or yourself to pick income protection insurance for the family.

Who can apply: Any person, who is in a paid employment for 20 hours in a week and is aged between 18- 55 can apply for this policy. Self-employed person are also eligible to take this policy provided he/she is has been in the same business for at least 6 months. So the underline is that one should be a regular earner in order to be eligible to buy income protection insurance.

How can you purchase income protection insurance: Such insurance can be purchased online and also with the help of insurance brokers. You can get in touch with the agency that is already handling your other insurance covers such as general insurance, auto insurance etc. They can offer you cheap, flexible and easy to understand income protection insurance. The most convenient method is to search online for a website that offers the privilege of comparing insurance quotes from different vendors.

Types of income protection insurance: There are various types of covers that will offer protection under different circumstances. You can buy policy that will cover you in case of accident, or in case of sickness or both. Different plans will have different premium options depending upon the advantages they offer.

Term and duration: The insurance company will pay approximately 70-80% of the income of the policy holder during the accident or sickness for duration of 12 – 24 months. The term will vary and will be dependent upon the duration that has been agreed between the insured person and insurer at the time of purchase of policy.

Income protection insurance is the best way to protect one’s family from the harsh slap of recession. It is hard to survive without regular income. Accidents and miseries are unpredictable, but one can at least be prepared for them and safeguard one’s family from the suffering. So I hope I brought out the importance of income protection insurance very well. I am sure you are now thinking about your family so don’t delay and get one soon. Visit now.

Jenymorison - About Author:
income protection doesn’t just cover the majority of your salary when you’ve been made redundant or experienced an illness or accident. It also helps you find work and get answers to pressing legal questions. Depending on the circumstances, all the benefits you receive from your policy are tax free. Here’s an overview of the added benefits of income protection cover.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Insurance Articles Subscribe to RSS

Make passive income through dividend after retirement
Published by Isol on August 13th 2012 | Finance

In Singapore, there are many investors who place their money in Singapore dividend stocks a...
What will influence the cost of your income protection insurance?
Published by Jenymorison on December 9th 2011 | Insurance
If you have decided to purchase income protection insurance for yourself then surely it can prove to...
Forex Trading for passive income and auctions
Published by John J on December 28th 2011 | Finance
The Forex trading is a trading of currencies from different countries against each other. It is also...
Secure your future with income protection
Published by Benroger on April 2nd 2012 | Insurance
Income protection insurance program is all what you need during your illness. It is biggest dilemma ...
Breaking false beliefs to help you pick correct income protection insurance policy
Published by Jenymorison on December 10th 2011 | Insurance
You would have often come across various myths about income protection insurance or in general any i...
Get assured income with the income annuity
Published by Robert Jhonson on March 27th 2012 | Finance
The income annuity is considered to be a great investment while you are employed. It provides you wi...
Benefits of life income insurance
Published by Dkfinancialplanning on February 10th 2012 | Insurance
The only purpose of a life insurance policy buyer is the security of the people who are left behind ...
How income protection insurance program can help you
Published by Benroger on February 28th 2012 | Insurance
You are sick so you cannot go to work at the moment. You and your family can understand this thing b...
Important information about income protection program
Published by Benroger on April 2nd 2012 | Insurance
Income protection is serving people since so long. If you are already an insurer of this program the...
Payment protection - Online Guide
Published by Connected Claims on March 20th 2012 | Insurance
Payment Protection Insurance aka PPI is designed to make your monthly loan repayments in case you ar...
Benefits of income protection insurance
Published by Benroger on February 28th 2012 | Insurance
Right from the beginning of the world everyone knows how much unpredictable their life can be. Our l...
Make passive income through dividend after retirement
Published by Isol on August 13th 2012 | Finance

In Singapore, there are many investors who place their money in Singapore dividend stocks a...
Get income protection help in your bad financial condition
Published by Benroger on February 28th 2012 | Insurance
Life is very unpredictable. You can never say what is going to happen in very next moment. What if y...
Secure a regular income with High Growth Investments> Please base article around this
Published by Julia Roger on June 18th 2012 | Finance offer a free initial consultation, so you have nothing to lose and potentia...