Your ability to earn a regular income is your most important asset. Without it, how could you cover expenses such as mortgage repayments, household bills, or your children’s education?
Income cover can provide financial stability if you find yourself unable to work due to a serious illness, injury, or disability. It can replace a significant portion of your lost income to help with financial needs.
Income cover is paid as a monthly benefit – just like your salary – and generally covers up to 75% of your pre-tax salary. The money may help you to pay your mortgage or rent, normal bills, and day-to-day living expenses while you focus on getting better.