How to Ensure Your Loved Ones Are Protected with Income Protection Insurance

1 October 2025
|In Uncategorised
|By Mojo Dojo

When you have a family, protecting them is your every thought. There’s nothing scarier than imagining a scenario where you’re unable to provide for them financially, and the repercussions that could have. Don’t spiral. With Morgan Insurance Brokers by your side, you can choose an Income Protection Insurance policy that gives you and your family peace of mind. 

Don’t wait for tomorrow to find out what happens if you come down with a severe flu that leaves you unable to work. Income Protection Insurance covers more than just your income. You can make smart decisions today that protect your family and livelihood. How does your cover extend to support your loved ones? Let’s break it down. 

When would I need Income Protection Insurance?

Income Protection Insurance is your safety net when you can’t work due to an illness or injury. It usually pays around 70-90% of your regular income, so you can afford to recover and simultaneously cover essentials, like rent, bills and groceries. A common misconception is that you only need Income Protection Insurance for terminal illnesses, but this isn’t true and protecting yourself ahead of time is the only way to have your own back, as you can’t get income protection insurance once you’re injured or already suffering from an illness. So, when can income protection insurance help you? 

  • Cancer
  • Mental Health Conditions
  • Broken bones/ joint issues
  • Vehicle Accidents
  • Heart attack/ Stroke

You never know when it could be you. Having the right income protection insurance coverage for your needs is a safe way to protect your family and their well-being in the event of the worst happening. If you’re unprepared, you face having to cover essential (and other) costs out of your pocket, which can set you back financially, especially if your recovery time is unclear. 

How does Income Protection Insurance help my family?

Providing for your family encompasses more than just financial support; it’s about being there for them physically and emotionally, too. This is best done when you’re fit and healthy. As Income Protection Insurance is decided based on your scenario and requirements, you can tailor your cover to ensure it covers exactly how much you need for you and your family to survive. If you’re the primary owner, being protected by Income Protection Insurance means you can feed your family and keep the house warm while you recover. Recovery should be your focus, and you don’t want to add any additional pressure by worrying about where your next paycheck will come from. When you’re suffering from an illness or injury, it’s likely to add pressure to your family in any case. So, financial certainty is the one thing you can guarantee and be in control of, with income protection insurance. 

One way you can tailor your coverage to suit your requirements is through waiting and benefit periods. Waiting periods suggest the time you’ll need to wait before your payments can begin once you’ve been approved for a claim. You should consider how long you’ll be able to support yourself financially to determine a suitable waiting period for you and your family. Benefit periods are how long your payments will continue if you’re ill or injured, so understanding how likely you are to be out of work for a longer period is essential. By making informed decisions on both of these factors, you can get the most out of your income protection insurance and ensure you’re covered immediately and adequately. 

For your loved ones, seeing you back on track is their priority. With income protection insurance, there are hidden benefits, such as rehabilitation support. Get back on your feet quicker when you access the support on offer, so your family can expect you back to normal in no time. There’s no price on peace of mind. Get covered today with Morgan Insurance Brokers, for you and your family’s sake. 

More Than Just Insurance

At Morgan Insurance Brokers, we’re dedicated to providing you with tailored advice that ensures you benefit from your income protection insurance. We understand how important financial security is, especially when it comes to family. We won’t leave you in it alone. We provide continued support when you make a claim, so you know exactly what you need to do. 

Contact us today for more information.