How Insurance Can Provide Income Protection for Working Adults

How Insurance Can Provide Income Protection for Working Adults

There is a common notion about medical insurance, as long as it covers fully your medical needs and hospital surgical bills, that would be good enough. While that might be true to a certain extent, most Malaysians overlooked the bitter truth of daily expenses once one gets discharged from the hospital and is unable to resume work effectively due to certain disabilities or serious illnesses. So how insurance can provide income protection for working adults?

Who will be paying for the rent? To provide food on the table? To care for the kids?

Millions of working adults in Malaysia are facing the risk to be disabled or sick, though this might be a staggering statistic, most working adults still have little or no protection for loss of earning capacity due to sickness or injury. Not only one will lose one’s income, but one will also lose the ability to sustain whatever lifestyle you have been enjoying all these while due to the lack of resources.

Unfortunately, most consider income insurance only when they are forced to do so — after an accident or became seriously ill. By then, it’s often too late to protect your most important asset — your monthly salary.

Protect you and your family with income protection insurance. What you choose is ultimately up to your needs and allocation, but having insurance is better than not having it at all.

Talk to our financial portfolio advisor today so we can advise and recommend the best insurance solution to your needs.

This post is written by our guest author, Brian Fam.

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