Why it is important to protect your income | Business

  • 📰 finweek
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

.PSGWealth's brink_elke, explains why risk cover is necessary to protect the livelihoods of yourself and your family in times of crises, in her latest column.

When building a resilient financial portfolio, we tend to mainly think about the investment component – yet building wealth depends on one crucial component – your ability to earn an income and protecting that is essential.Unfortunately, I often see the effects of a partner passing away, leaving a family behind with nothing, or even worse: indebted. This leaves loved ones and dependants in crisis.

Severe illness cover – this benefit takes the form of a lumpsum payment that covers you in the event of a severe illness. This will be paid as a lumpsum payment . Depending on the insurer, the benefit may pay out different percentages based on the severity of the illness. For example, you will only receive 25% of the insured amount for a less severe illness. The funds can assist with any unforeseen expenses, or if lifestyle changes are required due to a severe illness.

Global education benefit – by including this cover you will also have the benefit of protecting your children, should something happen to you including death, disability or illness. This benefit will ensure school fees are paid, as well as one tertiary degree, and depending on the provider, fees may even be covered should your child want to study abroad.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 19. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Why Business Talk is South Africa’s leading online business talk showBusiness Talk with Michael Avery is South Africa’s top online business talk show and continues to grow in popularity.
출처: BusinessTechSA - 🏆 24. / 61 더 많은 것을 읽으십시오 »

How buy-and-sell cover can de-risk business against death, disability[ICYMI] On the latest episode of MoneySavvy podcast with BoitumeloNtsoko: DevonCard of crueinvest discusses how this insurance works, what should be included in agreements and tax implications. Download the Episode below. Moneyweb Investing
출처: Moneyweb - 🏆 5. / 77 더 많은 것을 읽으십시오 »