Understanding income protection insurance
We all insure our cars, but not our incomes. An average car costs $20,000 - which is only 13 weeks of income of the average Australian.
It's amazing that we all take out insurance for our cars, in comparison to our income a relatively small asset. Nick Graham discusses the importance of income protection insurance; the fact it is tax deductable and that your income is quite possibly your single most valuable asset.
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