If your income stopped today, who would pay your bills? Your partner, your parents? Or do you have enough savings to meet your day to day living expenses? If the answer is no, you should consider income protection insurance. Your ability to earn an income is one of your most valuable financial assets, and worth protecting.
You've just taken out your first mortgage to purchase your dream home and have been doing some minor renovations before moving in.
The result, you are unable to work for 12 months.
How would your cope financially? Would you have enough money to continue to meet the mortgage repayments as well as pay the daily bills?
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