Living Expenses Cover provides a monthly benefit if you become significantly disabled as a result of a sickness or accident and you remain continuously disabled during and after your waiting period.
It is mostly suited for people who are unable take out a normal income protection policy.
Why would I consider Living Expenses Cover?
Living Expenses Cover is most suited people who are not able take out an income protection policy. This may include:
- Stay at home parents
- People who work on a casual or part time basis
If you still wish to maintain some level of protection on your income, ensure that any day day living expenses you have are still covered, Living Expenses can allow you do this.