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Answer: The most valuable asset you have is the ability to make a living. Insurance against incapacity is among the finest strategies to safeguard it. It serves as paycheck insurance, in a sense. When a sickness or injury prohibits you from working and making a livelihood, disability insurance pays you a portion of your income.
Explanation: What sort of coverage safeguards your income?
You can purchase income protection insurance, just like you would for your car or house. Disability insurance can help you replace some of your income if you get sick or hurt and can't work. Medical insurance pays your physician, and disability insurance compensates you.
Income protection – is it an insurance?
Typically, Salary Protection is a monthly payment that covers approximately 75% of your income, while
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