If you were injured and unable to work ever again, how would you pay your mortgage or car payments? This is the question many injured Australians are asking themselves everyday when they find out they can never work again.
Could your family survive if your partner had earn 100% of the household income so that the mortgage could be paid?
If you are covered by Income Protection and Trauma Cover you could knock a huge chunk off your Home Loan, or Personal Loan. Hereby lightening the financial burden on you and your family.
But if you weren’t covered by Income Protection, you could be looking at selling your home to get rid of the debt!
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