Income Protection, also known as ‘salary continuance’ pays a monthly benefit of up to 75% of your annual income if you’re unable to work due to illness or injury.

This money can help meet regular financial commitments and stay on top of debts during what could be a very stressful time.

Many policies also provide optional protection to help you focus on rehabilitation and recovery.  Some will even cover your superannuation (SG) payments and premiums are usually tax-deductible.

Your ability to earn an income is your most valuable asset May 2012