The earlier the better, is our norm.
Getting an income protection plan in the late 20’s and early 30’s makes the premium cost pretty affordable. People are usually much healthier at this stage, and medical exclusions in the policy are rare.
It may look like a younger person taking a policy will be paying the premiums for a longer duration. The comparison of actual cost with tax relief, indeed shows the the total cost of the plan is nearly the same or cheaper for a mid-20s individual when compared with a person entering the plan in mid 40s. Hence there is no actual monetary benefit in prolonging that decision to have income protection! In reality, the risks of not qualifying for a plan are greater in later life.
InsuranceSeptember 19, 2023
InsuranceDecember 7, 2023
InsuranceNovember 11, 2023
PensionsSeptember 27, 2023
Repays mortgage if the insured dies or suffers a terminal illness.Learn More Get Quote
Ensures the financial stability of the family if the insured dies.Learn More Get Quote
The insurance plan gives coverage against specific diseases.Learn More Get Quote
Ensures a regular income for the insured who is unable to work.Learn More Get Quote