Guardian income protection insurance, a form of disability coverage, safeguards individuals against income loss caused by accidents or illnesses that prevent them from working. For instance, a nurse who sustains an injury while on the job and is unable to continue practicing may rely on this insurance to ensure financial stability during their recovery.
Guardian income protection insurance proves invaluable as it provides: 1) Income replacement, ensuring that a portion of your regular earnings is covered; 2) Tax-free benefits, exempt from income tax unlike sick pay; 3) Long-term protection, covering you for extended periods of disability; 4) Flexibility, allowing you to tailor your policy to your specific needs.