Top 3 kinds of protection insurance you need to provide for you and your family.
1. Life insurance – It’s a sobering fact that we will all eventually die and we would all like our loved ones to be taken care of when that happens. Life insurance can pay out a lump sum to either pay off your mortgage or just provide an income for your family when you are gone.
2. Income Protection Insurance – pays you a regular income if you can’t work because of sickness or disability and continues until you return to paid work or you retire. Income protection insurance is also known as permanent health insurance.
3. Critical Illness Cover – will play out a lump sum if you suffer from long-term or very serious conditions such as a heart attack or stroke, loss of arms or legs, or diseases like cancer, multiple sclerosis or Parkinson’s disease.
