Income Insurance: Protecting Your Financial Stability
Income insurance is a crucial financial product designed to provide Singaporeans with protection against loss of income due to illness, injury, or unemployment. It offers peace of mind by ensuring a steady cash flow during challenging times.
Policies typically cover a portion of the insured’s monthly income for a specified period, helping to offset loss resulting from disability, critical illness, or job loss.
These plans often include features such as rehabilitation support and premium waivers during claim periods.
Having income insurance complements other savings and investment strategies, forming a holistic approach to personal financial planning.
Overall, income insurance remains a key component in check here achieving long-term financial resilience in Singapore.
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