Income replacement in case of Major Illness
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Income replacement in case of major illness
If you unfortunately suffer from a major illness, you may have to stop work for 3 to 5 years. This means you lose the income you could have potentially earned during this period.
The only way to protect against such problems is to have a 'Critical illness insurance'.
How much critical illness insurance should you have?
Ideal amount of critical illness insurance
The ideal amount of critical illness insurance you should have is about 5 times your annual income. This means - if you have to stop work for 5 years, your insurance policy will replace your income for the insured amount.
This way, you can afford to take a break and recover from your illness, and then start working.
Please note, I do not do life insurance or critical illness insurance, but I can refer you to somebody who does.
Click the button in the section below, and my assistant will contact you with the details of where you can insure yourself.
Protect your income against critical illness
Book a 15-minute phone call by clicking the button below, and we will be happy to help you.
the other two factors that can stop your income
The following things can disrupt your income, click on the topics to know more.