Hi guys
What would you guys do if an insurance company didnt want to insure you for income protection insurance and Total Disability Insurance.
What other options are there that you can take to make sure you will be ok if something were to happen and you got sick or injured?
Save more into your bank account and ensure you have a good liquid buffer
&
Be more conservative in your property investing. Dont go too high with your LVR's?
For instance if in 10 years time you find out you have cancer and have to miss a lot of work you would have to make sure you have enough in cash savings to cover yourself through the period you are not working wouldn't you. Also if you were to get hit by a car and cannot return to work at all because you are permanently disabled, then you would need to ensure you would have enough cash to look after yourself.
Anyone been or know someone that hasnt been allowed to have Income protection insurance. What do they do?
What would you guys do if an insurance company didnt want to insure you for income protection insurance and Total Disability Insurance.
What other options are there that you can take to make sure you will be ok if something were to happen and you got sick or injured?
Save more into your bank account and ensure you have a good liquid buffer
&
Be more conservative in your property investing. Dont go too high with your LVR's?
For instance if in 10 years time you find out you have cancer and have to miss a lot of work you would have to make sure you have enough in cash savings to cover yourself through the period you are not working wouldn't you. Also if you were to get hit by a car and cannot return to work at all because you are permanently disabled, then you would need to ensure you would have enough cash to look after yourself.
Anyone been or know someone that hasnt been allowed to have Income protection insurance. What do they do?