Protect Your Income Even When You Can't Work

There are several types of income protection policies to consider:

• Agreed Value Policies: These policies guarantee a specific benefit amount agreed upon at the policy's inception, regardless of your income at the time of the claim.
• Indemnity Value Policies: These policies calculate the benefit amount based on your income at the time of the claim, which can fluctuate if your earnings change.
• Stepped Premiums: Premiums that start lower and increase as you age.
• Level Premiums: Premiums that remain consistent throughout the policy term.

Each policy type has its advantages and disadvantages, and the right choice depends on your personal circumstances and financial goals.