Income protection insurance - yay or nay?
I don't have income protection insurance.
Last time (over 10 yrs ago) I tried to get income protection I got told my job (freight train driver) is too high risk to insure. Maybe that's changed.
If you have income protection in Australia particularly which org did you choose to get it through and what hoops/hurdles if any were there?
Has anyone ever actually had to use theirs and what hoops/hurdles were involved to make any claims through the policy?
Now I have a mortgage I'm considering whether it's worthwhile.
Do you feel your life and/or income protection insurance is worthwhile and you feel the cost is fair?
Last time (over 10 yrs ago) I tried to get income protection I got told my job (freight train driver) is too high risk to insure. Maybe that's changed.
If you have income protection in Australia particularly which org did you choose to get it through and what hoops/hurdles if any were there?
Has anyone ever actually had to use theirs and what hoops/hurdles were involved to make any claims through the policy?
Now I have a mortgage I'm considering whether it's worthwhile.
Do you feel your life and/or income protection insurance is worthwhile and you feel the cost is fair?
