For medical crisis income loss coverage. Is it necessary to consider covering your full income? Or just enough to cover expenses (less than your income) you actually use?

Discussion (1)

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Dawn Fiona

03 Mar 2019

Depends on what you want to get.

Also consider that your expenses might go up in times of medical crisis (eg. cost of paying a caregiver, increased transport costs to go for treatments, etc)

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Do we need critical illness coverage to replace loss of income for medical crisis?

I have been using insurance agent. He recommends ilp and medical critical insurance as insurance cover. Is that enough. Is it right?

Do insurance agents use overinflated values (e.g.life coverage of 10x annual income) to get people to buy expensive policies? Are these values grounded/realistic?

How is it considered as medically necessary diagnostic endoscopies that will be covered by IP insurer?

Can I use the business expenses of my side business to reduce the income tax incurred from my full-time employment?

Do we need critical illness coverage to replace loss of income for medical crisis?

I have been using insurance agent. He recommends ilp and medical critical insurance as insurance cover. Is that enough. Is it right?

Do insurance agents use overinflated values (e.g.life coverage of 10x annual income) to get people to buy expensive policies? Are these values grounded/realistic?

How is it considered as medically necessary diagnostic endoscopies that will be covered by IP insurer?

Can I use the business expenses of my side business to reduce the income tax incurred from my full-time employment?