Earlier this year we asked the question “Is Your Income Protected?”. If you are serious about protecting your assets, you need to consider this question.
Inability to earn your regular income due to an injury or sickness can be financially devestating for you and your family. Income insurance can provide you with a regular income stream if you become totally disabled or are recovering from an injury or sickness.
You can be insured for up to 75 per cent of your income (net of any business expenses and before tax). You can also choose to insure 100 per cent of super guarantee contributions (up to 9 per cent).
Income insurance benefits can help pay for day-to-day living expenses such as food, utility bills, rent or home maintenance costs, mortgage or other debt repayments.
Now stop and ask yourself, what would you do if you could not return to work for a long period of time?
Obtaining a quote for income protection insurance is fast, free and simple. Of course, all premiums are fully tax deductable which reduces the premium dramatically.
Contact us today for more details or to get started. Phone 1300 35 22 35 or email Christie (christie @ lewistaxation.com.au). It’s really that simple.