Income Protection Insurance- A Wise Decision

  By admin | January 21, 2012 - 9:59 am | Uncategorized
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What is Income Protection insurance?

Income protection is an insurance type that offers a steady source of income should you become incapacitated due to an injury or sickness. The benefits are not paid as a lump sum, but monthly. Usually, the amount covered under this policy is 70-75% of your net salary. There are number of choices that can be made on this protection policy, such as- you can choose the waiting period and the claim benefit period. You can visit Income Protection insurance to know more on the choices provided by this insurance.

What is the need for income protection insurance?

Income Protection Insurance

Your income is probably the best means to support your living standard and to pave a smooth life after your retirement. But where would you be without your income? You would possibly not be able to continue with your current living standards without a regular source of income. Thus, protecting your income is a wise decision. Unlike Trauma insurance, Income Protection insurance does not detail out a list of accepted condition, as a result better coverage is offered for temporary diseases.

How much cover can I buy?

In case you are self employed, then 75% coverage you will get of the income generated by your business. And, if you are salaried, then 75% coverage you will get of your current gross income. Unlike other types of personal risk insurance, Income Protection insurance premiums are tax-deductible for most taxpayers. The after tax cost of the cover can be much less than the cost of the premium.

Few aspects

  • Waiting period: The waiting period involves the time period that you have to wait before you are eligible to receive payment under your policy following a claim. When choosing a waiting period, determine commitments such as mortgage and other debt payments. You will not be able to claim your benefits until the expiry of the waiting period. Shorter the waiting period, the better.
  • Premium: Comparing premiums can be of help in identifying the cost effectiveness of each policy as a first step in achieving the best overall package for your conditions.
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Fat Loss Tip # 7. Optimise your Thyroid

  By opticals | November 7, 2011 - 8:00 am | adrenals, beau, Blog, fat, general health tips for skin, hashimotos, hashimotos disease, health queen, healthy skin, infertility, naturopathy, queen, thyoid disease, thyroid, underactive thyroid, weight loss
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Your thyroid is a small gland that sit below your adam’s apple. It is responsible for many things in your body, including metabolism, mood and general overall health.

Your thyroid is very sensitive to stress and has a close (and dependant) relationship with your stress glands, the Adrenals.

Sometimes with prolonged stress, your thyroid can become underactive. The classic symptoms of this are fatigue, very low energy levels and motivation, dry skin, you will notice the cold more, you will probably feel depressed to some degree and you may gain weight.

If your thyroid becomes over active, you will experience life at a fast pace! Everything speeds up, including metabolism, so you lose weight, you will need little sleep, your heart might skip along very quickly and you can feel anxious.

An underactive thyroid is much more common and can be the first signs of an auto-immune condition called Hashimoto’s Disease.

This is a clip about thyroid disorders. If you are worried book in for an appointment or see you GP.