Unless you're retired or independently wealthy, you will need contingency plans in the unfortunate event that illness or injury renders you are unable to work. Income protection insurance pays you up to 75% of your regular income, up to $10000 per month, until you're fit to return to work or until the end of your benefit period. This is designed to help you pay your bills and maintain financial security should the unexpected happen.

General Advice warning:
Pearl Funds Management, an authorised representative AFS Rep No 001254808 of Banyan Securities Pty Ltd AFSL 484139
The information presented by us is general in nature and does not take into account your personal goals and objectives. It does not represent financial product advice. You should always seek independent legal and financial advice before making a decision in relation to a financial product. Read the Product Disclosure Statement (PDS) before making a decision. You should consider your own circumstances, needs and financial objectives before making a decision.

Cliona O'Dowd
10 November 2014