How much should I insure for?
| Home |
| Get a Quote |
| Additional Products |
| Mortgages |
| Mortgage Payment Protection |
| Income Protection |
| More Information |
| Life Insurance |
| Mortgage Life Insurance |
| Critical Illness |
| Payment Protection |
| Income Protection |
| Mortgages |
| About Moneynet |
| Disclosure Document |
| About Us |
| Sitemap |
| Directory |
| Network Websites |
You need to insure for an amount that you would be able to live comfortably with if you were unable to work. So you need enough to cover loan repayments, rent, bills, food and general lifestyle.
All proceeds from insurance policies are tax-free - so you don't need to consider the effect of tax on the amount you want to insure for.
IMPORTANT:
If you have a mortgage and you want insurance to cover your monthly payments if you were off work through sickness, accident or unemployment, then you need a specific type of insurance called Mortgage Payment Protection Insurance.
If you want insurance that will pay you a lump if you become critically ill, you should consider Critical Illness Insurance.