Protecting one of your clients most important assets – their income

For those clients who are earning an income, some may rarely take a moment to think about how their lives would be if their income was suddenly to stop. So it comes as no surprise to hear many people in New Zealand don't protect one of their most important assets - their income.

What would happen to your client if their income was suddenly to stop? What impact would this have to their current lifestyle choice and personal assets? How long would their savings support themselves and their family? These are all simple but important questions that can be asked when thinking about putting Income Protection cover in place.

Providing a no-nonsense solution
Income Protection cover provides an income if your clients can no longer earn one. It can help provide the reassurance of knowing that if they are unable to work due to sickness or injury, a portion of their income will still continue for a limited time or until they are well enough to go back to work (depending on the cover chosen).It can help to make sure bills can get paid and that essential day-to-day basics are covered – helping to ensure the client's standard of living isn't seriously compromised.

Insurance needs can vary at different stages of life due to circumstances changing. Some of these circumstances could be: