5 of our clients are currently receiving payments totalling $36,533 per month from Income Protection policies set up by Sarina Insurance and Financial Services.
One claimant had his policy in force for less than a week before claiming, while others have been paying premiums for over 13 years before claiming.
As soon as the claim forms are completed and the first payment arrives, people soon forget about the cost of the premiums and realise the benefits.
Income protection pays a replacement wage if you are unable to work due to accident or illness, payments can continue until age 65.
Premiums are tax deductible and may be cheaper than you think.