The festive season is one of the most financially demanding times of the year; just another reason you need income protection

 

The two weeks spanning the period of Christmas and New Year’s Eve is one of the busiest times for emergency rooms across the country. It is notoriously common for people to be injured during holidays, parties where you had a bit too much fun, or when parents decide to test out their kids’ new Xmas present. This is why the festive season is one of the most common times for injuries to occur in Australia.

The most common reason for people to be hospitalised is due to falls from putting up or taking down decorations, just as the festive season is beginning. Along with this, the festive season is also one of the most demanding times financially. Whether you are buying presents, jetting off to visit family or catching up with all your friends for fancy holiday dinners, your wallet is going to feel the strain.

So, when you are already feeling that hip-pocket strain, the last thing you want to deal with is a loss of income due to an injury or illness, especially a festive season-related injury.

Being injured or falling ill can lead to a loss of wages, and therefore put a financial strain on your family. This is a stressful situation regardless of the time of year. This is why it is so important to have a plan in place that can protect your family and your finances if you find yourself in this situation. The festive season, and the risk and financial stress that comes along with it, are just one of many reasons why income protection insurance is so essential.

Income protection insurance will provide you with the safety net needed for you to protect your family financially and not have to worry that one small period of no income could completely derail your financial future.

 

 

However, when searching for the right insurer to purchase an income protection policy from, it is crucial to find an insurer you can trust and provide you with the right policy that matches your needs and your lifestyle.

When finding the right insurer, you should look at a general insurer who can provide a range of insurance products that fit your needs, a general insurer such as Aspect Underwriting.

An income protection insurance policy from Aspect Underwriting will provide you with cover of up to 85% of your income, during your benefit period, if you are injured or fall ill. The average insurer will usually cover up to 75% of your income, which is just one of the great differences between Aspect and other general insurers.

Not only that but getting an income protection policy from Aspect Underwriting is stress and fuss-free. You can easily jump onto the Aspect website and get a free online quote for your policy. If you are happy with the quote for your policy, you can then go ahead and easily purchase that policy in as little as a few minutes.

Don’t risk another festive season without protection, get online today to purchase an income protection policy.

Mike Wallis

Mike has over 25 years experience, having spent his first seven years working as a Broker at Jardine Lloyd Thomson in Melbourne and in 2002 was transferred to JLT’s Accident and Health Department in London. For four years (2002 – 2005) Mike was a specialist A&H Lloyd’s Broker and during this time developed excellent relationships with the Lloyd’s A&H underwriting fraternity. In 2006 he returned to Australia in a senior broking position with overall responsibility for Placement Strategy, including the implementation of underwriting facilities and the various authorities granted by Lloyd’s. Mike was the underwriter at two specialist Underwriting Agencies prior to founding Aspect Underwriting in 2016.

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