Income Protection
Phawu Peace
Your income is one of the biggest assets. If you are unable to work and therefore cannot earn an income, your family’s life could be jeopardised. Income protection helps you to be able to take care of them financially, regardless of what life event negatively impacts your income.
“It is never to late start protecting yourself and family – failing to plan for your future is definitely planning to fail in your future.”
Just a Thought
What We Offer
Your future is one of the biggest assets. If you are unable to work and therefore cannot earn an income, your family’s life could be jeopardised. Income protection helps you to be able to take care of them financially, regardless of what life event negatively impacts your income.
Our income protection provides you with a reliable monthly income whilst you are seeking employment elsewhere. This product is designed to replace the income that you lose as a result of company being liquidated, dismissal, retrenchment and maternity leave. We do not ask for any reason/s as to why your employment was terminated, if you have served your waiting period you will be eligible for your non-taxable payout. The waiting period is eight months and you will be paid 50% of your basic salary for a period of 5 months. As for women in the event of being at home due to maternity leave they will receive payment for a period two months. Our product is mainly targeted at low and middle-income earners as they are the mostly affected.
People
Families
Homes
Do I Need Income Protection?
Yes you do, your greatest asset is your ability to earn an income. With the economic situation in our country you never know what will happen to your job, you might find yourself in an unpleasant & unexpected situation by losing your job. Regardless, if you earn an income, you need to have income protection.
Is the claim Payout Taxable?
No. Under current taxation laws, you won’t pay any tax on the claim payout.