Secure your income for a rainy day

It is easy enough planning to spend the income, but people assume getting it in the first place is a given.

Kiwis are generally optimists and few include the chance of serious illness or accident in their plans.

So people are often unaware of something like income protection insurance.

That's surprising, because it has been on the market here for years.

For Auckland insurance broker Ian Wallace, who is very experienced in this field, what's more surprising is that people easily accept the need for life insurance, but are statistically more likely to be disabled or ill and miss work for more than three months than to be killed or die prematurely.

So what is income protection insurance? Theoretically, everyone who needs their income needs to protect their ability to earn it.

Consider how long your boss will continue to pay you if you are off sick for a long time.

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