Zurich Income Protection Insurance
The Income Protection Insurance cover offered by Zurich will provide the insured with a monthly benefit up to 75% of their regular income if they are unable to work.
Zurich’s Income Protection Insurance cover pays a monthly benefit – typically up to 75% of the pre-tax income of the insured, should he or she be unable to work due to a covered serious illness or injury.
The insurer offers a range of income protection insurance cover options that can provide insureds with coverage in the event of loss of income due to sickness or injury. These benefits will usually be paid until the policy holder is able to return to work – depending upon the benefit period that is selected at the time of policy application.
Some of the benefits that this cover product can offer an insured include:
- The providing of a continued income for the insured and their family
- The ability to continue paying bills such as mortgage and other debts
- The continuation of retirement investment strategies that have been put in place
In addition to the tax-free benefits received, the policy premiums on the Income Protection Insurance may also be tax deductible to the insured.