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What types of income protection are available?

Updated: 8/19/2019
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12y ago

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Income protection policies provide workers with income if they are unable to work due to an extended injury or illness. Some of the plans available are emergency savings, personal accident insurance and permanent disability coverage.

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A variety of income protection plans are available for purchase in the United States. These programs are more typically referred to as 'disability insurance' and can provide you with a percentage of your former income should you become ill or unable to perform your work duties. The higher the percentage of your income you wish to insure, the higher the premium you pay.


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