New Zealand Herald Article by Diana Clement on investing
It’s common practice to have life insurance – at least for the main bread winner of the family, but how many of you have income protection insurance? You are far more likely to lose income through illness or accident, than through death.
Half of all adult Kiwis have life insurance. They can imagine the catastrophe if the family breadwinner died.
Yet we face a much bigger risk financially than death. That is losing the breadwinner’s income through “disability” from illness or accident.