Securing Your Income
[Technorati] Tag results for term life insurance wrote an interesting post today on
Here’s a quick excerpt
Also known as permanent health insurance, income protection pays out a monthly tax-free sum if you suffer loss of earnings because you are injured or too ill to work. You pay a monthly premium in return. The payout is less than your normal earnings because it is free of tax and the insurer doesn’t want to give you too much incentive to stay off work. Decide whether you need income protection by working out what will happen if you can’t work. Your employer may pay Statutory Sick Pay or someth
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