Income Protection Insurance for Marketing Managers
As the name would suggest, a marketing manager's role is to oversee the marketing efforts of a company. Tasks may include formulating marketing plans, executing these plans, and making sure that the goals of the plans are achieved. It is by no means an easy task since it also involves ensuring that members of the marketing team are fulfilling their assigned tasks.
Due to the busy nature of a marketing manager's work, many of them tend to forget to protect their future. If you are one of these people, then we recommend that you read on.
Thinking About Your Future
Whether you are single or already have a family, it always pays to prepare for your future. The reason for that is because there's no telling what the future might hold for you. One day you're doing a fantastic job implementing a marketing campaign, then the day after you're unable to work because of an illness or an injury.
Sure, you may have medical insurance to help pay for your medical expenses, but where would you get your money for everything else? The last thing you want to do is dip into your savings. You can prevent that from happening when you have income protection insurance.
What Income Protection Insurance Does
This type of insurance is designed to provide you with regular funds should you be unable to work because of an illness or an injury. Usually, this means you will receive up to 75% of your salary on a monthly basis.
How Much It Costs
The cost of your premiums depends on several factors, including the waiting period and the benefit period. Before you receive your benefit, there is a waiting period of 14 days up to several years. The shorter the waiting period, the more expensive the premiums will be. Meanwhile, the benefit period is the length of time during which you will receive benefits. It is generally up to 2 years, although it can also last up to 5 years or more. The rule of thumb here is the longer the benefit period, the more expensive your premiums.
Ready to Get Insured?
Contact us on 1300 793 143 and we will organize you quotes from up to 9 Insurance companies in under 10 minutes. Our consultants will talk you through the process. Contact us today for more details!